Dear Experts,
If a Pvt. Ltd. Company director has its own proprietorship firm ,so under the firm in which head director salary show.
please revert.
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Director Remueration
Replies (2)
Not required to show Director's salary in Firm Account. (Salary is director's personal income, not income of firm)
Director' s salary is charge to tax as income from Salaries in his income tax return..
And income from Proprietorship firm taxed as income from business
Director' s salary is charge to tax as income from Salaries in his income tax return..
And income from Proprietorship firm taxed as income from business
Nop not required
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