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Regarding itr

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(Querist)
20 July 2012 Sir,

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.
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CA mahesh birla

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CA mahesh birla (Expert)
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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SANYAM ARORA

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SANYAM ARORA (Expert)
21 July 2012 It should be treated as Salary Income and he needs to File ITR 1
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CA mahesh birla

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CA mahesh birla (Expert)
21 July 2012 dear sanyam i had written the same only
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SANYAM ARORA

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SANYAM ARORA (Expert)
21 July 2012 Dear sir, I know but it was just an answer to the question.

I din't saw your reply.
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praveer

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praveer (Querist)
22 July 2012 Thanks Sir for yours reply,

Can you tell me, in which sec. of income tax this provision is gieven?


praveer
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SANYAM ARORA

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SANYAM ARORA (Expert)
22 July 2012 There is no specific section for filing ITR.
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