A director in receipt remuneration which ITR should he file his returns?
What are the deductions elegible for director receiving remuneration?
2 Replies
J. K. Ratan
(Compliance Advisor)
(794 Points)
Replied 03 March 2015
Dear Miss
If director is receivin Remuneration under section 192 of income tax act (if TDS is Deducted Under section 192) than income shall be charge under the head salary.
If Director is receiving Income under section 194J of income tac Act 1961 ( TDS is deducted under sectgion 194J for technical services provided ) han income shall be charge under the head Income from Other sources.
1. If director has only salary and interest income tan ITR 1
2. if Director has Income From Salary, Interest Income And Income From Other Sources Than ITR 2
3. If Director is a partner In any othe Firm Than ITR 3
If Director has Any Proprietory Business Than ITR 4
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