Director Remuneration
This query is : Resolved
Samar Bhatia
(Querist)
21 November 2008
Can a person who is holding place of profit in a Company and getting remuneration from that company get salary or money in whatever form from some other company also?
One thing that comes to my mind is Sitting Fees. Can you suggest some other heads also.
Please reply on urgent basis.
One thing that comes to my mind is Sitting Fees. Can you suggest some other heads also.
Please reply on urgent basis.
21 November 2008
Only sitting fees.
If he is a professional then he can render service and get income.
If he is a professional then he can render service and get income.
Ravikumar.G
(Expert)
21 November 2008
Even sitting fees is only to an ordinary director, i.e no sitting fees can be paid to WTD / MD
Ravikumar.G
(Expert)
21 November 2008
If sitting fees is paid to WTD / MD, it shall be treated as payment of managerail remuneration.
22 November 2008
Sitting Fee only
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