Applicability of sec 314


This query is : Resolved 

11 December 2013 Is sec 314 applicable for remuneration paid to directors in normal course of business?

11 December 2013 it is applicable only for place of profit situation as mentioned therein and not to remuneration of dir in normal course.

16 December 2013 How we can differentiate place of profit & director remuneration?

What all benefits given to director will be counted as given in place of profit.


17 December 2013 Director remuneration is simply in relation to the sitting fees with other emoluments like monthly payment of fixed sum etc

place of profit like diretors relative is appointed as executive and such events.


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