Hello Everyone
I want to know that how much remuneration can be paid to the Director of Section 8 Companies ?
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Director Remuneration of Section 8 Companies
Replies (6)
Quick Summary
you can pay a reasonable amount. However, in case the director is also a member, then please follow the restrictions placed by section 13 of the Income-tax act.
@ Mr Nikhil Kaushik Sir...
Is there any restriction/limits for Pvt Ltd company to pay DIRECTOR SALARY...???
Is there any restriction/limits for Pvt Ltd company to pay DIRECTOR SALARY...???
no. But in this case ie Section 8 company, there are restrictions placed in the Income-tax Act.
| Originally posted by : Nikhil Kaushik | ||
 |
no. But in this case ie Section 8 company, there are restrictions placed in the Income-tax Act. |  |
Okay sir thank You.
Yes, I asked other than sec 8company.
One more doubt...
In a pvt Ltd company one of a director is uneducated. He is the highest shareholder.
So, he received director salary and increased every year.
Is this possible...?
Is any issues face the company in future...???
no. there is no issue as such. Even from tax perspective, higher salary is good only for tax authorities! his education has no link to his salary.
Thank You for the clarification Sir...
I can't understand this one "higher salary is good only for tax authorities!"
please clear this
I can't understand this one "higher salary is good only for tax authorities!"
please clear this
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