Dear Experts,
If a Pvt. Ltd. Company director has its own proprietorship firm ,so under the firm in which head director salary show.
please revert.
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 09 October 2020
Not required to show Director's salary in Firm Account. (Salary is director's personal income, not income of firm)
Director' s salary is charge to tax as income from Salaries in his income tax return..
And income from Proprietorship firm taxed as income from business
Director' s salary is charge to tax as income from Salaries in his income tax return..
And income from Proprietorship firm taxed as income from business
Recent Topics
- What is tds12
- SECTION 148 PROCEEDING
- GST AUDIT 01 - NOTICE
- Capital gain purchase date
- Transmission of deceased's shares in physical form
- Income tax notice but unable to file updated retur
- Income tax depreciation deductions
- GST Notice (Under Section 73)
- Asset Declaration in ITR2 for flat purchased in jo
- Active pan but invalid
Related Threads
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
