Direstor's salary
This query is : Resolved
Guest
Guest
(Querist)
16 October 2010
Sir plz tell me how the director's salary is governed in case of pvt' ltd.co. ?
16 October 2010
In case of Pvt Ltd company there is no bar on Managerial Remuneration as in Ltd company from Companies Act perspective.
From point of view of Income Tax Act you are required to deduct TDS u/s 192 just like TDs on salary paid to employees.
From point of view of Income Tax Act you are required to deduct TDS u/s 192 just like TDs on salary paid to employees.
17 October 2010
Continuing Gupta Ji, quantum of remuneration / increase in remuneration should be reasonable for example with respect to the nature of business, qulification /expertise of the director etc., otherwise disallowance attracts under the Income tax Act,1961.
18 October 2010
Hi
The provisions of managerial remuneration of Companies Act, 1956 read with Schedule XIII to the Act is not applicable to private company.
The remuneration payable to directors of private company is governed by their own articles.
Regards
The provisions of managerial remuneration of Companies Act, 1956 read with Schedule XIII to the Act is not applicable to private company.
The remuneration payable to directors of private company is governed by their own articles.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
