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Tax Implication on Retainership

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(Querist)
06 May 2009 1.What r the Tax implication on the Retainership earning of the Chairman from his company???

2. Can he claim any expense or save any income from Tax???

3.Can he adjust his earning against Business Loss of the company???
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
07 May 2009 1. taxable under PGBP

2.YES, He can claim.

3.No. he cant adjust against loss of co.

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