I'm a director and majority share holder of a private limited company that provides software services.
I've been the main engineer behind all services provided by the company and taking income in the salary head for last 4 years.
I came to know that I can also claim 44ADA if I take professional fee instead of salary from my company which will reduce my tax burden and compliance significantly.
Is that correct or some rule actually prevents me to do so?
Can a PVT LMT company director get paid professional fee by the company?
Wes T (1 Points)
03 April 2024