Director remuneration
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2016
Dear All,
Please clarify Weather director remuneration can
be disallowed u/s 40A(2)(b) or not as company is giving Rs. 1 lakh to its directors,
Thanks,
Anil kumar
Please clarify Weather director remuneration can
be disallowed u/s 40A(2)(b) or not as company is giving Rs. 1 lakh to its directors,
Thanks,
Anil kumar
Expert : Anonymous
Expert :
Anonymous
(Expert)
24 September 2016
Section 40A(2)(b) talks of disallowance of excessive amounts paid to related parties. If the amount paid is within the statutory limits of companies act then issue of disallowance in Income Tax does not arise since statute under which company is governed permits payment of the same.
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- 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
