Private companies paying salary or commission to directors must comply with Companies Act limits, deduct TDS under salary or other sections, and file Form 24Q.
Checklist for directors
- Shareholder approval within Schedule V / section limits
- TDS under Section 192 on salary components
- Perquisites and ESOP taxation where applicable
- Disclosure in financial statements and ITR-6
Coordinate via ITR-6 filing, Form 16, and statutory compliance calendar.
