Director Remuneration arrear
This query is : Open
25 July 2016
Good Evening experts
Director Remuneration of March 2016 month is accrued by public limited company in F Y 2015-16 but payment made by company in FY 2016-17. In which year this remuneration will be taxable on the hand of Director.
Soumitra Basu
(Expert)
27 July 2016
Salary is taxable in accrual basis whether in private or in government. Therefore, Director Remuneration, is considered to be salary, for the month of March, 2016 shall be treated as income in the Financial Year 2015-16 relevant to the assessment year 2016-17
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