director is an individual or not
This query is : Resolved
krishnamurthy
(Querist)
06 March 2013
Sir, if x is a managing director of a company can x be assessable as an individual under income tax act for calculating his tax liability give the answer with explanation
CA Suraj Lakhotia
(Expert)
06 March 2013
X will be an individual. Pls elaborate your query.
06 March 2013
X, Managing Director, are always assessable as Individual under Income Tax Act. They need to pay Tax on their income and File income Tax return like any other individual.
CA Ayush Agarwal
(Expert)
06 March 2013
Yes, Fully Agreed With Mr. Sanjay's Views.
This is a Basic Question of Income Tax.
This is a Basic Question of Income Tax.
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