Start up director remuneration issue

ajeet singh (1390 Points)

29 July 2022  
suppose a startup as per contract have to pay 30 lac to its director and keep the payment outstanding for next year. The director considering its income on due basis and file itr for that a.y.
later on due covid 19 the startup went into no payment mode and now through a resolution outstanding payments are write off. In such case what could be the solution for the director who have paid the taxes on notional income. pls suggest