Payment of Director Fees in Private Limited Company
This query is : Resolved
22 December 2010
Dear All,
There's a Private Limited Company in business of creating Painting and Art Work and it's Director is the Sole Artist who makes paintings.Is there any limit in payment to Director Fees u\s 314 of Income Tax,1956 ? Or any regulation of payment of Fees.Please Reply me.........
There's a Private Limited Company in business of creating Painting and Art Work and it's Director is the Sole Artist who makes paintings.Is there any limit in payment to Director Fees u\s 314 of Income Tax,1956 ? Or any regulation of payment of Fees.Please Reply me.........
23 December 2010
Hi
I think, payment of Director's fee is governed by Companies Act, 1956 and in case of private company the provisions of remuneration and sitting fee will not apply.
Regards
I think, payment of Director's fee is governed by Companies Act, 1956 and in case of private company the provisions of remuneration and sitting fee will not apply.
Regards
Message likes :
1 times
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
- CLOSING STOCK QUERY
- Short Term Gain Reporting ITR
- IT returns for fresh job holders
- F&O reporting in ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Error in uploading Form 10BD
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
