Taxability of remuneration & salary of a managing director


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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2015 Welcome All! Please clarify me taxability of Remuneration & salary of Managing director.( Taking in to consideration of all the aspects such as TDS, Under which head it is taxable...)

14 May 2015 Managing director remuneration covered under head Salary and TDS will apply sec.192

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2015 Thank you Sir! but to what extent a MD is eligible to receive remuneration.

14 May 2015 MD remuneration limits are defined in sec.197 of the Companies act,2013. please refer. it based on the profit/loss of the company


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