remuneration as profit sharing
This query is : Resolved
28 May 2011
Dear Sir,
I am CEO of a pvt ltd co and as per my terms of employment I am entitled to a share of profit (Ebitda - Expenses - Capex) on monthly basis, drawable on 10th of subsequent month. How will my income be treated and what will be the Income tax implications?
Thanks
Virendar Sahdev
I am CEO of a pvt ltd co and as per my terms of employment I am entitled to a share of profit (Ebitda - Expenses - Capex) on monthly basis, drawable on 10th of subsequent month. How will my income be treated and what will be the Income tax implications?
Thanks
Virendar Sahdev
28 May 2011
IT WILL BE TAXED AS SALARY INCOME
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
04 June 2011
Thanks a lot.
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