Income to shareholder
This query is : Resolved
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.
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.
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.
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