Section-194J (1)(ba)- TDS on Director Remuneration
Section 194J(1)(ba) of the Income Tax Act, 1961, mandates the deduction of Tax Deducted at Source (TDS) on any remuneration, fees, or commission paid to a company's director, excluding those payments considered as salary under Section 192. This provision, introduced in the Finance Act of 2012, aims to enhance tax compliance and ensure transparency in the taxation of directors' earnings.