M.a chartered accountant is employed with M ltd, as an internal auditor and requests the employer to call the remuneration as internal audit fee.M. shall be chargeable to tax for such fees under the head __________

Question

Quizplus · Accepted Answer

The remuneration received by M, a chartered accountant employed as an internal auditor, from his employer M Ltd., even if termed as "internal audit fee," is chargeable to tax under the head "Income from Salaries" because it arises from an employer-employee relationship.

Ma Chartered Accountant Is Employed with M Ltd, as an Internal