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Company is rent on behalf of director for his residence under which it shown as income in the hands of director personal

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 vamsi krishna asked about 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Mukesh answered about 2 years ago

•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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Open uri20170510 32134 1ive9a3?1494421760 purvi answered about 2 years ago

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

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