Section 40a(2)(b)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2016 Dear Experts, there is No limit in pvt. company for remuneration to directors plZ clarify in this case weather section 40a(2)(b) will be applicable or not... Regard Ramesh Chandra

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

14 February 2016 No, it is not applicable to Company. It applicable only FIRM.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
Follow

14 February 2016 No, it is not applicable to Company. It applicable only FIRM.

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2016 sir.. A pvt. company has hold 15 directors there intention to withdraw the profit.. even in this case section 40a(2)(b) Not applicable...