Caclculation of managerial remuneration
This query is : Resolved
20 June 2009
Sir, is derivative losses are considered for caclculating profit for managerial remuneration u/s.198 and 309 and 269?
22 June 2009
As far as my opinion is concerned i think it should be deducted while calculating the managerial remuneration if it is either the main object of the co. or part & Parcel of the activity of the co.
02 July 2009
Question to be addressed is whether derivative losses are usual working charges (section 349 (4))?
Whether working charges are usual or not has to be decided with reference to nature of transaction subject to the hedge.
In case derivatives are booked to hedge liabilities / commitments, it should be deducted.
In case derivatives are booked to speculate, it may not be deducted.
Whether working charges are usual or not has to be decided with reference to nature of transaction subject to the hedge.
In case derivatives are booked to hedge liabilities / commitments, it should be deducted.
In case derivatives are booked to speculate, it may not be deducted.
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
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Foreign lottery ticket bought online from India: legality, tax and consequences
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
