Deduction from directors salary
This query is : Resolved
30 July 2011
Dear experts,
Please tell me what is the limit under section 10 for following
1) If a director is paying salary to Driver from his own pocket for using car for personal & Official purpose.
Then can he deduct salary paid to driver from His own salary ? IF yes what is limit ?
2) Also can he deduct petrol expenditure for such car against his Salary income.
Please tell me what is the limit under section 10 for following
1) If a director is paying salary to Driver from his own pocket for using car for personal & Official purpose.
Then can he deduct salary paid to driver from His own salary ? IF yes what is limit ?
2) Also can he deduct petrol expenditure for such car against his Salary income.
30 July 2011
1) No.
2) No.
2) No.
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