Managerial remuneration
This query is : Resolved
06 September 2011
Whether managerial remuneration total limit of 11 % as per section 198 includes remuneration given to ordinary directors as per section 309 ( maximum limit 3 %).
06 September 2011
in my view,
11% for:
5% - Per executive
10% - more than one Executive Director.
1% - If the company has a Non executive Director.
then the 3 % for:
if a company having more than one, managerial person na then non executive director - 1%.
If the Company has Non executive Director only na the whole Amt will not exceed 3% of Net profit.,
11% for:
5% - Per executive
10% - more than one Executive Director.
1% - If the company has a Non executive Director.
then the 3 % for:
if a company having more than one, managerial person na then non executive director - 1%.
If the Company has Non executive Director only na the whole Amt will not exceed 3% of Net profit.,
07 September 2011
thanks
but make it more understandable for me
but make it more understandable for me
07 September 2011
3% is non executive Director - if a company not having executive director then the total amt not exceed 3%. not clear na, read the Section well., k
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
