Salary to director's wife
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2012
Can We pay the salary to direcotrs wife who is also shar holder in the private limited company but not having active interest ?
Yogesh Agarwal
(Expert)
23 February 2012
It is not necessary that a director must be a shareholder of the company. If the director's wife is a director and engaged into the affairs of the company as a director she can be paid director remuneration. A minimum qualification shares may be required to be held by director if so provided in the AOA of the company ...
Guest
Guest
(Expert)
23 February 2012
Yes, salary can be paid but it should ideally be communsurate with her qualification and experience so that there are no income tax assessment hassle.
Thanks
Thanks
Krishna Mohan
(Expert)
23 February 2012
As you are saying that she is not taking any active interest, we cannot pay her director remuneration (atleast theoretically):)
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