Co-op Bank remuneration is taxable
Arikeri Venkataraju (31 Points)
21 November 2020
a person in a co-op bank chairman received Salary is taxable under salary head or other sources ?
3 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 21 November 2020
Yes, Salary is taxable under Salary Head
Shivam RC
(Student)
(23683 Points)
Replied 21 November 2020
If he received Salary and TDS U/s 192 was deducted on the same, then the Income shall be chargeable to tax under the head "Income from Salary". However if he received any remuneration liable to deduct TDS U/s 194J, then it shall be taxable under the head "Income from Other Sources."
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