Under what head salaries of directors are taxed?
This query is : Resolved
LATHA RAMESH
(Querist)
25 June 2008
Hi
Under what head salaries drawn by the directors, of company is charged? INcome from salary or as business income? for example salary drawn by Anil ambani from his company?
Under what head salaries drawn by the directors, of company is charged? INcome from salary or as business income? for example salary drawn by Anil ambani from his company?
S.Srinivasaraghavan
(Expert)
26 June 2008
Income from salaries, as you have stated salaries drawn.
Tarun Gupta
(Expert)
26 June 2008
salary drawn by the director is chargable under the head of salary.
26 June 2008
It is taxable under head salary. There is an employee employee relationship between executive directors and company.
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