Question ID : 1441
TDS - Directors salary
A pvt. Ltd company has not deducted TDS for the sary paid to directors as it was with the taxable limit. Now the co. wants to crease the sary of the directors the month of Jan.06 with rrospective effect from April 05. Can it do so and deduct the TDS durg Jan. 06.
What are the penal provisions for not filg Quarterly urn of TDS ?
Mohamed Shafi
mashafica@yahoo.co. '
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