Director remuneration and partners salary
This query is : Resolved
Sandeep Lunawat
(Querist)
23 December 2014
Can an individual earn director's salary from p. Co. and partners salary from a partnership firm at the same time?
Ganeshbabu K
(Expert)
24 December 2014
Yes.If an individual is a director and also partner.
He can earn remuneration from company and also from where he is partner.
remuneration from company is taxable under head salary
Remuneration from firm is taxable as business income
He can earn remuneration from company and also from where he is partner.
remuneration from company is taxable under head salary
Remuneration from firm is taxable as business income
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