Agreement with Directors for Commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2011
Dear Sir,
Kindly forward me format of Agreement of Commission to be given to director. Also, is it possible to give 50% commission of total income to director? Required to deduct TDS on the same?
Kindly forward me format of Agreement of Commission to be given to director. Also, is it possible to give 50% commission of total income to director? Required to deduct TDS on the same?
Jayashree S Iyer
(Expert)
10 May 2011
In case of public limited companies and their subsidiaries, payment of managerial remuneration is subject to the limits specified in Section 198, 309, Schedule XIII and other relevant provisions of the Act.
Overall managerial remuneration inlcuding commission should not exceed 11% of the net profits of the company.
However limits on managerial remuneration is not applicable to private companies and they are free to pay any amount as remuneration / commission to its director.
Overall managerial remuneration inlcuding commission should not exceed 11% of the net profits of the company.
However limits on managerial remuneration is not applicable to private companies and they are free to pay any amount as remuneration / commission to its director.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
