https://www.taxtmi.com/article/detailed?id=134 Classification of directors' remuneration depends on the character of the receipt and the director's capacity: where appointment, remuneration and control are exercised by the board under the memorandum and articles and the director performs duties under board superintendence, receipts are appropriately treated as salary; where the director acts as an independent professional, promoter or investor undertaking commercial risk, receipts are more appropriately treated as business or professional income. FBT paid by the employer generally excludes corresponding perquisites from taxation in the hands of the director and limits employer-side disallowances. en-us Tue, 12 Aug 2008 00:00:00 +0530 Sat, 07 Mar 2009 12:39:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=134 Classification of directors' remuneration depends on the character of the receipt and the director's capacity: where appointment, remuneration and control are exercised by the board under the memorandum and articles and the director performs duties under board superintendence, receipts are appropriately treated as salary; where the director acts as an independent professional, promoter or investor undertaking commercial risk, receipts are more appropriately treated as business or professional income. FBT paid by the employer generally excludes corresponding perquisites from taxation in the hands of the director and limits employer-side disallowances. Articles Income Tax Tue, 12 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=134