Hi,
My father age 70 has a one time paid Directors remuneration from a Private limited company of Rs.80,000/-
(It was a one time transaction and not a recurring one like salary). He is not an active employee of the company.
Under what head in ITR should It be filed?
TDS was not deducted on it, It will be filed if required as correction.
Please advise
1) under which header of ITR should this income be be filed?
2) Is there any way for a director to take remuneration without payment of TDS?
Thanks