https://www.taxtmi.com/caselaws?id=62467 Managing director remuneration is taxable as salary where the company's articles, appointment resolutions and actual conduct establish a contract of service. The relevant distinction is between an employee working under the board's control and supervision and an agent exercising independent authority. Directors assigned defined business functions for fixed remuneration, subject to board oversight and accountable for performance, may have an employer-employee relationship despite the absence of separate service agreements. Provisions allowing additional remuneration for special services and leave without remuneration supported the existence of such control. The remuneration was consequently treated as salary, with the standard deduction applicable. en-us Thu, 08 Mar 1979 00:00:00 +0530 Thu, 20 Jan 2011 09:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62467 Managing director remuneration is taxable as salary where the company's articles, appointment resolutions and actual conduct establish a contract of service. The relevant distinction is between an employee working under the board's control and supervision and an agent exercising independent authority. Directors assigned defined business functions for fixed remuneration, subject to board oversight and accountable for performance, may have an employer-employee relationship despite the absence of separate service agreements. Provisions allowing additional remuneration for special services and leave without remuneration supported the existence of such control. The remuneration was consequently treated as salary, with the standard deduction applicable. Case-Laws Income Tax Thu, 08 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62467