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.
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 09 October 2020
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
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