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Director salary from more than one company

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(Querist)
22 December 2021 can a executive director earn salary from three pvt ltd companies..Whether RCM will be applicable?
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B Sathyanarayanan

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B Sathyanarayanan (Expert)
22 December 2021 if he is independent director he cannot take salary from 3 companies , but if he is director in 3 companies , he is subject to remuneration not exceeding 2% of Net profit and As per Latest AAR decision , it is subject to RCM

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