Is Director Remuneration considered as Business income in the hands of the Director.
A person is a Director in the company from which he has earned salary income of Rs. 4 lacs. He also carries on business in his personal name in which total income is 17 lacs as Contract receipt. Tds is deducted u/s 194c on this contract receipt.
Does the person has to club both the income director remuneration and business while preparing his Profit and loss, if done then the person becomes liable to register under gst.
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