CA NeWs Beta*: TDS on Director's Remuneration

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Wednesday, July 4, 2012

TDS on Director's Remuneration

WITH EFFECT FROM 01.07.2012, TDS IS DEDUCTIBLE U/S 194J ON DIRECTORS REMUNERATION. DOES THIS IMPLY THAT THIS INCOME IS TO BE CLASSIFIED AS INCOME FROM PROFESSION, AND THEREBY PROFESSIONAL EXPENSES CAN BE CHARGED AGAINST SUCH INCOME.

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