Regarding itr
This query is : Resolved
20 July 2012
Sir,
A director of a company is taking monthly Fixed salary from company as a faculty for certain classes taken by him in the company. Should he file ITR 1 or ITR 4.
that means, should the income is treated as a salary income or it is a treated Income from Business Profession.
A director of a company is taking monthly Fixed salary from company as a faculty for certain classes taken by him in the company. Should he file ITR 1 or ITR 4.
that means, should the income is treated as a salary income or it is a treated Income from Business Profession.
CA mahesh birla
(Expert)
20 July 2012
If director is taking fixed monthly salary then it become his salary income and he will file ITR 1 subject to he do not have any other business income.
SANYAM ARORA
(Expert)
21 July 2012
It should be treated as Salary Income and he needs to File ITR 1
CA mahesh birla
(Expert)
21 July 2012
dear sanyam i had written the same only
SANYAM ARORA
(Expert)
21 July 2012
Dear sir, I know but it was just an answer to the question.
I din't saw your reply.
I din't saw your reply.
22 July 2012
Thanks Sir for yours reply,
Can you tell me, in which sec. of income tax this provision is gieven?
praveer
Can you tell me, in which sec. of income tax this provision is gieven?
praveer
SANYAM ARORA
(Expert)
22 July 2012
There is no specific section for filing ITR.
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