Dirrctors Remuneration
This query is : Resolved
21 December 2016
One of my client (Private limited) has a loss of Rs. 2.5 crs and they have paid Salary and bonus to the tune of Rs 2.1 Cr to its 2 directors.
whether that shall be allowed???
Give relevant section.
22 December 2016
Private company Schedule V is applicable to it. However, No bar as per income tax act, 1961
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