"if the director remuneration is treated as income from salary, then the exemptions like, house rent allowance, transport allowance & children educational allowance are whether deductible or non deductible"
Please clarify
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Director remuneration
Replies (2)
Hi Dear ,As per my view point HRA,TA,CEA are part of Remuneration and no question deduction do arise.In the hands of recipient it is taxable sub to 10(13A) and 10(14)(i)/(ii).
| Originally posted by :kaniselvam | ||
| " | "if the director remuneration is treated as income from salary, then the exemptions like, house rent allowance, transport allowance & children educational allowance are whether deductible or non deductible" Please clarify |
" |
director remmunartion is taxable under the head salaries and all allowances which are deductible under normal provisions of salary should be eligible for deduction
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