Remuneration by a executive director
This query is : Resolved
21 July 2015
Dear sir,
Please clarify me about the remuneration earned by a director as a executive director of a company is computed as salaries or consultancy income in respect of TDS and ITR for income tax computation.
Best regards,
Narasimha
Please clarify me about the remuneration earned by a director as a executive director of a company is computed as salaries or consultancy income in respect of TDS and ITR for income tax computation.
Best regards,
Narasimha
21 July 2015
Hi,
Remuneration earned by the Director of the Company will be considered as salary for the purpose of Income Tax compliances.
However for exact nature of payment, I would suggest you to refer the Board resolution language used to approve the payment. It may be possible that payment was approved as consultancy based on directors qualification.
Thanks
Remuneration earned by the Director of the Company will be considered as salary for the purpose of Income Tax compliances.
However for exact nature of payment, I would suggest you to refer the Board resolution language used to approve the payment. It may be possible that payment was approved as consultancy based on directors qualification.
Thanks
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