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
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
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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