Managerial Remuneration
This query is : Resolved
Ravi Prasad
(Querist)
15 June 2010
dear all,
Managerial remuneration paid in a pvt Ltd Com.. whether allowable fully ? or any ceiling limit ? under IT Act 1961 ?
Managerial remuneration paid in a pvt Ltd Com.. whether allowable fully ? or any ceiling limit ? under IT Act 1961 ?
Ankur Garg
(Expert)
15 June 2010
Strict provisions connected with Managerial remuneration are not applicable to a private company.
A private company can provide Managerial remuneration subject to the provisions of its articles.
Regards
A private company can provide Managerial remuneration subject to the provisions of its articles.
Regards
CA Sanat Pyne
(Expert)
15 June 2010
agreed
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