if the directors getting commision on the basis of gross receipts along with monthly remunartion is the commision which is payable by the company to the director attract 43B and is the director is employee of the company or not?
RAMU G (Chartered Accountant) (158 Points)
06 July 2012if the directors getting commision on the basis of gross receipts along with monthly remunartion is the commision which is payable by the company to the director attract 43B and is the director is employee of the company or not?
divyakrishnan
(Chartered Accountant)
(92 Points)
Replied 06 July 2012
section 43b attracts for commission only if the director is not an employee and considering the director as an employee depends upon facts and circumstances i.e .service agreement ...
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