Hello,
Me and my spouse are software engineers and also are directors of the private limited company with 50-50% ownership. Our company provides software services. We have software service contract signed with the client, where contract says we both directors have to provide software development service along with other employees of the company. So we both directors work full time for providing software development service to our client. Now since we both are professionals and along with our company's daily operational activities, we provide full time professional service to our client, can we both directors take some part as salary from our company and some part as professional fees from our company. This way we can pay taxes in both under salary taxation and presumptive taxation scheme.
Appreciate the advise in this regards.
CAclubindia
