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Equity Holder and Consultant

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(Querist)
07 December 2022 Hi,

I am joining a startup as a equity holder (let’s say 1%) along with a yearly remuneration.

Now can I take remuneration as a Consultant Professional Fees ?

If Yes, What kind of taxes am I liable to pay.

Please advise on possibility of working as a consultant in a private limited company.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
08 December 2022 As a share holder you can be a consultant and take professional fees

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