If pvt ltd turnover is 1 cr and they are in audit , in such case if director of pvt ltd received remuneration and salary of Rs. 1200000 per annuam , so director is liable to do tax audit or not his return?
1 Replies
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 11 October 2019
Hi Deepak
there is no tax audit in what's so ever maner as long as director not earning business income.
in your case he is earning as salary not business so no tax audit
there is no tax audit in what's so ever maner as long as director not earning business income.
in your case he is earning as salary not business so no tax audit
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