Director salary is taxabale under which head either under "Income from Salary" or "Income from Other Sources"
Harish Bhootra (Service) (76 Points)
02 February 2010Director salary is taxabale under which head either under "Income from Salary" or "Income from Other Sources"
Amir
(Learner)
(4016 Points)
Replied 02 February 2010
Dear HARISH,
Salaries of Whole Time /Functional /Executive Director's -It is taxable under head "Salary"
Salaries of Independent / Partime / Nominee Directors (in the form of Sitting fees, etc) - It is taxable under "PGBP or Other Sources"
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
