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Taxability of directors remuneration ?

This query is : Resolved 

01 August 2011 1. in which head the income of director receiving remuneration from the company will be taxable.

2. is TDS is to be deducted by the company if yes then under which section

waiting urgently for ur reply.
abhipcc@rediffmail.com

02 August 2011 Yes if the same is above the taxable limit then it is otherwise not. The managing director is to be treated as the employee of the company and TDS is also liable to be deducted in the same manner as that of a general employee


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