Income tax

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Shibu Thomas (Querist)
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15 June 2016 Sir,
I was a director with a Pvt Ltd co. From April 2010 to Nov 13. I was been paid a nominal amount as salary during these period. Total Remuneration was not paid in this period. After a prolonged court case, the company now offer me a out of court settlement.
Now the Question is what are my income tax liability and how do I file the returns.
Please help.
Thanks in advance.

Kaushik Joshi

Kaushik Joshi (Expert)
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15 June 2016 You should take professional assistance in this scenario. it'll depend on the nature of payment mentioned in the agreement. if you need help, email on kjoshitax@gmail.com We are a separate consulting organisation.

Rupesh Jain

Rupesh Jain (Expert)
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16 June 2016 its depend on the amount which nature they give you. most prob. they give as salary after deducting the TDS.

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