vamsi krishna
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Mukesh
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•Company can pay REASONABLE rent to the director. it s allowed as expense under company's books Provided it is REASONABLE
•Director will show this income under the head income from house property at the time his indivudial return filling. it will have to disclose Co's name, Add & PAN no on his return.
Hope this will solve your Query. for any further queries feel free to revert back
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purvi
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Hello
- Company can pay REASONABLE rent to the director. it s allowed as expense under company's books Provided it is REASONABLE
- Director will show this income under the head income from house property at the time his indivudial return filling. it will have to disclose Co's name, Add & PAN no on his return.
Hope this will solve your Query. for any further queries feel free to revert back.
Thanks & Regards,
Purvi Vasa
