banner_ad

Income to shareholder

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 September 2011 Can a shareholder of a company derive income from the Company?
If yes, then Can the Nature of payment be Professional fees or Commission?
The Shareholder is a NRI
hence TDS on the above payments would be as per the DTAA clauses. The Shareholder is Not a Director of the Company.
Profile Image

Diganta Paul

Profile Image

Diganta Paul (Expert)
16 September 2011 yes can but the meeting in which transaction was approved the shareholder interested can not vote or his /her vote not count.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details