Dear Sir
under which head of Income, Salary of director received from a private limited compnay is taxable under income tax act? As Director executive director and also he is non executive director? He has not been appointed as employee of the company. He is only a Director.
Thankyou
Wish u a very happy & prosperous new year.
As u are mentioning that director is getting Salary from the company then it will be taken under the head of Income from Salary......but if the director is getting fees for Board Meetings and other meetings and sittings then it should be taken under the Head of Income from other Source
Do correct me if im wrong
How can a director be both executive & non executive yaar?
Since the Company is a private limited company and he is getting remuneration, it is implied that he must be holding a office or place of profit. Hence, the amount so received shall be taxable under the head salary.
yes it is taxable under head salary
Dear sir;
plz tell me about salry of director of a pvt ltd co. which allowance will be include.
and also tel about hra, ta,and entertainment allowance
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