If individual being director of Pvt.Ltd. company get salary from the same company as directorship than in this case which form of incometax return is applicable ?
Please provide me guidance regarding this as fast as possible so that i can render my return..
14 July 2010
Remuneration from Company as a Director is taxable under the head Income From Salary. If he no income under the head Capital Gain and from Income from Business, ITR 1 is the appropriate Form.