Limit of director remuneration (Income Tax)

This query is : Resolved

Author : Anonymous

( Author )
26 June 2012

Is there any limit for allowance of Director Remuneration under Income Tax Act?

CA Harish Suwalka

there is no limit, what soever in the income tax act for Dir. remuneration,

CA Harish Suwalka

but the amount of remuneration must be reasonable and bonafide, any suspicion will attract disallowance under Sec 40(A)(2)(b)

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