Directors remuneration

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Ahamed Kabeer

Ahamed Kabeer

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30 July 2018 Dear sir,
We are deduct TDS u/s 194J for Directors Remuneration and whole year we are paid director remuneration amount of Rs 60 Lakhs.

My question is whether above income chargeable under head Business or profession or else income from other sources. In case we are file the return under heads business or profession tax audit will applicable or not .

Please clarify my doubt.

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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30 July 2018 It should be treated as salary and tax should be deducted u/s 192

Ahamed Kabeer

Ahamed Kabeer

(Querist)
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30 July 2018 CA Vijay Kumar Gupta Sir its confusion with TDS section because last year we are file the return under head salary but notice raise from department you income mismatch with tds section

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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30 July 2018 send me full details bcz Directors remuneration is very well covered under salary

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