A director of a company is taking monthly Fixed salary from company as a faculty for certain classes taken by him in the company. Should he file ITR 1 or ITR 4. that means, should the income is treated as a salary income or it is a treated Income from Business Profession.
20 July 2012
If director is taking fixed monthly salary then it become his salary income and he will file ITR 1 subject to he do not have any other business income.
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