I am the owner and Director in my Private Limited Company.
Each month a draw a salary from this company. Is it OK if the salary amount is not constant each month.
For example:
June - 15000
July - 0
Aug - 25000
Sept - 25000
Oct - 30000
Will it create any problem as long as I declare my total salary in my IT return?
No, absolutely not. It would not create any problem in your Income Tax Return.
| Originally posted by : Sanjay Bag | ||
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No, absolutely not. It would not create any problem in your Income Tax Return. |
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Correct..
Please check for the consequences of Section 2(22)(e).
| Originally posted by : Shekhar | ||
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Please check for the consequences of Section 2(22)(e). |
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Please elaborate your point. I am not a CA so dont know what Section 2(22)(e) refers to.
CAclubindia
