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Why Director's Salary Charge under Income From Salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2010 Hello Friends i just want to know the difference between why director's salary charge Under income from salary & partner's salary under PGBP.
Its urgent
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Rahul Gupta

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Rahul Gupta (Expert)
08 February 2010 Partner is the PART-OWNER of the firm and in this way is having is own business or profession.

Director is an EMPLOYEE of the company in the way other employees are. he is appointed by the shareholders (Owners) for running the co. and gets remuneration in return.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 February 2010 For salary income there should be a relation ship of Employer & Employee in case of partnership that relationship is not there
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