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remuneration to MD

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(Querist)
25 February 2008 1.Remuneration of MD
2.Remuneration of other Directors
Falls under what head?
my doubt is it falls under salaries or profession or other sources
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
25 February 2008 For the recipient it falls under the Head Salaries.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
25 February 2008 ANY AMOUNT RECEIVED WHETHER REMUNERATION,SITTING FESS OR ANY OTHER PERQUISITE OR BY WHATEVER NAME CALLED ALL FORM PART OF SALARY AND TAXABLE UNDER THE HEAD SALARIES
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Devendra Mishra

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Devendra Mishra (Expert)
25 February 2008 Under Salaries
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R.V.RAO

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R.V.RAO (Expert)
25 February 2008 TAXATION OF SALARIES FOR THE RECIPIENT.
EVEN THE PAYER I BELIEVE BOOKS THE EXP. UNDER SAME HEAD.OTHERWISE ASSESSING OFFICER MAY POINT OUT INCOMPATABILITY.WE HAVE FACED THIS QUESTION IN ONE COMPANY ASSESSMENT CASE.
R.V.RAO
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