How can director of a company plan tax

Tax planning 346 views 1 replies

HOW CAN DIRECTOR OF A COMPANY PLAN TAX ???

 

REMUNERATION FROM COMPANY IS SALARY OR PROFESSIONAL FEES

Replies (1)

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.


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