directors remuneration


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 September 2010 limits are not specifically mentioned in co. act 1956,then there are possibility that one can give higher remuneration to the directors and there by reduce the profits and thereby avoid tax payments.

02 September 2010 YES IT IS ALSO A TOOL OF TAX PLANNING. HOWEVER, REMUNERATION PAID TO DIRECTORS IS TAXABLE IN THE INDIVIDUAL CAPACITY OF DIRECTORS. ALTHOUGH A REASONABLE AMOUNT SHOULD BE PAID TO DIRECTORS BY THE COMPANY AFTER AUTHORISING THE REMUNERATION IN BOARD MEETING. SECTION 40A(2)(b) SHALL BE APPLICABLE.

02 September 2010 Agree with Mohinder Ji

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 September 2010 YES THE ANSWER GIVEN BY MR MOHINDER KANSAL IS PERFECT, IT IS JUSTIFIABLE.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details