Directors remuneration to a non-active director
This query is : Resolved
16 June 2016
Sirs,
If a company pays Directors Remuneration to its Director who is Non-Active in its business and not Professionally qualified, Can we allow this salary as an allowable expenses or should be disallowed in computation
RGDS
Syamkumar.S
If a company pays Directors Remuneration to its Director who is Non-Active in its business and not Professionally qualified, Can we allow this salary as an allowable expenses or should be disallowed in computation
RGDS
Syamkumar.S
17 June 2016
Pl disallow for income tax computation of company.
Message likes :
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20 June 2016
Thank you sir, If any director participates in a company's business with out any professional qualification , can we allow this expenses For Example In a company(PVT.TD) Director Acting as a Production Director ( who is only a School Final) , but he performs his duties well, In 3CD We disclosed U/s 40 A 2B as an Auditor can we allow this expenses as allowable
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