TDS on Commission paid to Directors

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  1. Pramu_tk

    Pramu_tk New Member

    Dear Sir,

    Iam working as an Accountant in a PVT LTD Co.

    Sir, I would like to know if Company 's Director/Mananging Director is entitled to get Commission, should I deducted TDS on commission ? If so what is the TDS rate ? Whether the TDS to be filed in 192 or 194H OR 194J ?... Kindly adv pl....
     
  2. sai tejesh(ca.final)

    sai tejesh(ca.final) Active Member

    You shall deduct TDS u/s 192,if everymonth the director receives fixed amount from the company.
    Else irrespective of the nature of income he receives from the company i.e whether it s a commission (or) brokerage,you shall deduct TDS u/s 194J
     
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