Rent paid to director/share holder


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2017 Dear Experts,
Our pvt. Company is using the factory of one of the director who is share holder also. Pls let me know can company pay him rent for factory. If yes any limit of rent?

Regards
Anshul

23 February 2017 Yes, Company Can pay rent to Director .You can pay whatever the Market value Prevailing in that area.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 February 2017 Sir. Pls clarify any restriction as per companies act. 2013 and income tax


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