"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
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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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