remuneration to MD

This query is : Resolved 

25 February 2008 1.Remuneration of MD
2.Remuneration of other Directors
Falls under what head?
my doubt is it falls under salaries or profession or other sources

25 February 2008 For the recipient it falls under the Head Salaries.

25 February 2008 ANY AMOUNT RECEIVED WHETHER REMUNERATION,SITTING FESS OR ANY OTHER PERQUISITE OR BY WHATEVER NAME CALLED ALL FORM PART OF SALARY AND TAXABLE UNDER THE HEAD SALARIES


25 February 2008 Under Salaries

25 February 2008 TAXATION OF SALARIES FOR THE RECIPIENT.
EVEN THE PAYER I BELIEVE BOOKS THE EXP. UNDER SAME HEAD.OTHERWISE ASSESSING OFFICER MAY POINT OUT INCOMPATABILITY.WE HAVE FACED THIS QUESTION IN ONE COMPANY ASSESSMENT CASE.
R.V.RAO



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