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Director remuneration

kaniselvam (accountant) (43 Points)

25 November 2009

"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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2 Replies

RAJESH DOLAWAT (KOLKATA) (30 Points)
Replied 25 November 2009

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	"

Priyanka (Chartered accountant) (371 Points)
Replied 25 November 2009

director remmunartion is taxable under the head salaries and all allowances which are deductible under normal provisions of salary should be eligible for deduction