Mr. Abraham is one of the whole time director of Sidha Shila Group of companies He receives Rs 50000 per month as sitting fees from the company for the financial year.
He is also an active partner in Sankalp LLP (limited liability partnership) from where he receives Rs 50000 as salary per month for the financial year
Discuss about chargeability of such income in the hands of Mr. Abraham, for the financial year 2019-20 

The answer should be a min of 400 Words. Or else the university will not consider it. 

Answer rating: 100% (QA)

Solution Taxability of directors sitting fee for the financial year 201920 sitting fee received by A... View the full answer