Remuneration to directors
This query is : Resolved
Suman Gupta
(Querist)
12 February 2017
If there is no turnover or very less turnover in a private limited company then it can give remuneration to its directors or not.
CA Kapil Verma
(Expert)
12 February 2017
there's no restrictions on private limited company but following thing should be taken care
1. director remuneration is taxable in his hand.
2. company cash flow is available
regards
kapil verma
Founder TaxAdvizer.com
Suman Gupta
(Querist)
12 February 2017
If There is loss in company then
CA Kapil Verma
(Expert)
12 February 2017
you can still give, but there is no benefit out of this.
Regards
Kapil Verma
founder TaxAdvizer.com
Suman Gupta
(Querist)
12 February 2017
there will be no issue if we dont show remuneration to directors as there is no income
CA Kapil Verma
(Expert)
12 February 2017
no issue at all
Regards
Kapil Verma
founder TaxAdvizer.com
Suman Gupta
(Querist)
12 February 2017
Thanks for your reply
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