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sunil
( Author )
10 July 2010
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Remuneration received by Director of a Pvt. ltd. Company should be taxable under which head.
1. Salary
2. Business
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CMA. CS. Sanjay Gupta
( Expert )
10 July 2010
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SALARY
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sunil
( Author )
10 July 2010
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but there is no employer employee relationship.
can u give any ref.
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CMA. CS. Sanjay Gupta
( Expert )
10 July 2010
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Directors Remuneration is subject to TDS u/s 192. It is taxable in the hands of recepient under Income from salary.
Director is a employee of Company.
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Ankur Garg
( Expert )
10 July 2010
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Agree with expert
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B.Chackrapani Warrier
( Expert )
10 July 2010
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If the Director is appointed by the Board of directors and is functioning under the superintendence of the board, remuneration should be assessed under the head "income from salary".
Citation:- Sajid Mowjee Vs. ITO (2005)279 itr 467(Cal).
Employee-employer relationship would appear to be not strictly followed in view of the following judgement.
Justice Deoki Nandan Agarwala Vs.U.O.I (1999) 237 ITR 872 (SC).
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