CA.Xialdin (Risk Analyst) (43 Points)
30 March 2013Hey Guys,
A person relieved from his job in Feb 13 with a Co earning Salary Income has become Director in another Co in March 13 earning Directors Remuneration as Sales Commission. Will he File ITR 1 or ITR 4.
Please reply asap.
Tx
CA Jatin Kacha
(Chartered Accountant)
(230 Points)
Replied 30 March 2013
Hello,
According to me, Director is required to file income tax return 1 as salary return.
because whatever he is received it is in capacity of director whther you called it remuneration or commission.
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