Tax on director remuneration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 November 2014 Experts,

Mr. X is director in an Indian company and he is also director in foreign company (situated in hongkong) which is operated from here (India) only.

He receives remuneration from both companies.

Now my question is whether both the receipts will be taxable to him in India ?

If yes, whether remuneration received from foreign co. will be taxable to him in foreign ??

Thanks.

CA Parul Saxena

CA Parul Saxena (Expert)
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13 November 2014 Both the remuneration will be taxable. As the foreign co. is operating in India also so both the remuneration will be taxed in india only.