Practicing Chartered Accountant
135 Points
Joined June 2009
A director may plan its income tax as by taking below measures:
1) Receive Salary Form the company on which TDS u/s. 192B will be deducted. and
2) Receive remuneration/fees for his professiona expertise on which tds will be deducted u/s. 194J
but he should take care about service tax registration & payment ambit.
In reference to income referred in point no. 2 he can claim expenses made to provide these service and it will reduce his tax burden.