employee as well as director
This query is : Resolved
07 October 2010
is it possible, a person can be a director of his company at the same time employee of the other company?
he is getting remuneration from his company and getting salary from other company also.
please advice how will treat his income?
he is getting remuneration from his company and getting salary from other company also.
please advice how will treat his income?
07 October 2010
YES ITS POSSIBLE
07 October 2010
If he is an ordinary director then he can draw remuneration from both.
However the same is not possible in case of whole time director bcoz technically it is not possible for a WTD to spare time for other job and earn from there.
Regards
However the same is not possible in case of whole time director bcoz technically it is not possible for a WTD to spare time for other job and earn from there.
Regards
07 October 2010
THANKS ANKUR SIR JI,
07 October 2010
THANKS FOR ALL. BUT MY CLIENT IS MANAGING DIRECTOR OF THE COMPANY. IN HIS POINT OF VIEW, PEOPLE ARE THERE TO MANAGE ALL THE WORKS. THAT'S WHY HE IS JOINING IN THE BANK AS HIGHLY PAID EMPLOYEE. PLEASE ADVICE.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
