29 September 2009
Profession tax on directors is paid by whom? company or by director indiviual? whts its due date ? if salary is paid to director ( directors reminaration ) then Pt is paid as per salary to employs ? reply urgent
29 September 2009
normally it is paid by company for director who is not employee then the amount is taxable under section 2(24) as income arised from excersis from business and profession. and if it is paid by for director who is employee then it is taxable under section 17(2)as perqusities and if that amount is paid by director then he can claim dedution under section 16(3)of it act 1961.
CAclubindia
