Personal balance sheet
This query is : Resolved
29 July 2016
Hi, One of my executive directors salary level is Rs 100,000 / per month. But if its increased to Rs 3,00,000 / per month, is an Audit or Balance Sheet, required for Him personally. As, Right now, he just Files his return online, being an Individual / Company Director.
Also, is there any Top Limit, for Salary, for Directors, in a Pvt Ltd Company ? WOULD BE HAPPY IF SOMEONE, COULD GIVE A CLEAR ANSWER. MANY THANKS.
AMIT.
Also, is there any Top Limit, for Salary, for Directors, in a Pvt Ltd Company ? WOULD BE HAPPY IF SOMEONE, COULD GIVE A CLEAR ANSWER. MANY THANKS.
AMIT.
CA Mohit Bansal
(Expert)
30 July 2016
No audit and balance sheet requirements for a salaried person.
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