Can Trust pay salary or Remunaration to son of Trustee's uncle or son of trustee's brother???? if Yes, What is maximum amount to be paid?? Is any disclosure reuqire in Form 10B???
Please advise...
Thank You in Advance...
Shaurabh Sahu (FINAL STUDENT) (46 Points)
20 December 2016Can Trust pay salary or Remunaration to son of Trustee's uncle or son of trustee's brother???? if Yes, What is maximum amount to be paid?? Is any disclosure reuqire in Form 10B???
Please advise...
Thank You in Advance...
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 20 December 2016
hello,
yes , you can make payment to relative of trustee ot to Trustees,
there is no maximum limit mentioned ,
It need to declared by auditor in Form 10B, in respect to all the payments made to related persons.
For More Info Contact us
Info @ mytaxfiling.in
www.mytaxfiling.in
Shaurabh Sahu
(FINAL STUDENT)
(46 Points)
Replied 20 December 2016
But relatives does not includes son of Trustee's uncle or son of trustee's brother. Am i right??
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