Provision or professional charges
This query is : Resolved
TARIQUE RIZVI
(Querist)
16 September 2014
Ours is a private limited company . Can we provide professional charges payable to directors for the year ended 1st March 2014 :
Pofessional Charges Dr 1,00,000/=
Current Account of Director Cr 1,00,000/=
Because the directors are rendering certain services for the company and the same time they are being paid salary also on account of remuneration to directors.
Pofessional Charges Dr 1,00,000/=
Current Account of Director Cr 1,00,000/=
Because the directors are rendering certain services for the company and the same time they are being paid salary also on account of remuneration to directors.
Nikhil Kaushik
(Expert)
16 September 2014
ideally it should be included in the salary itseld.
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