DIRECTORS REMUNERATION
This query is : Resolved
12 March 2009
Whwther i can pay Rs. 22000.00 in cash every month to Director as remuneration and whether i have to deduct Professional tax on it.
In Directors file it will go under Other Income or In salary head
SUMIT
In Directors file it will go under Other Income or In salary head
SUMIT
12 March 2009
EXP.IN EXCESS OF RS.20000/- IN CASH WILL ATTRACT PROV.OF SEC.40A(3). FURTHER PT OF DIRECTORS NEEDS TO BE PAID ONCE IN A YEAR AND COMPLETE AMOUNT NEEDS TO BE DEDUCTED FROM SALARY.
IN DIRECTORS FILE IT COMES UNDER HEAD SALARIES. SINCE HE IS EMPLOYEE OF THE COMPANY.
IN DIRECTORS FILE IT COMES UNDER HEAD SALARIES. SINCE HE IS EMPLOYEE OF THE COMPANY.
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