Please advise if a director of a Company incorporated in India is entitled to a remuneration if he is NRI ( Non Resident Indian)?
Menu
Entitlement of remuneration : nri director
Replies (2)
Dear Vinay,
Section 309 of the Companies Act does not speak anything about residential status of a Director.
Your Company can very well pay remuneration to NRI Director.
Also check the Remuneration Clause in the AOA of the Company.
Yes, there is no issue under FEMA and Income Tax Act for payment of remuneration to NRI, provided applicable TDS is deducted before payment of any such remuneration.
Anuj
femaqueryu @ gmail.com
Recent Topic
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
Related Topics
CAclubindia
