Loan to directors

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Artical Assistant
166 Points Posted on 08 September 2011

what is treatment of below transcation?

Company paid to  60K Excess remunation to each directors than for their Directors Remunaration  for the year.

please explain complaince related to Companies act & Income tax act which affect above trascation.

Thanks in Advance 

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On 08 September 2011 at 16:32 Report
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DIRECTOR
57 Points Posted on 08 September 2011

deemed divident

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On 08 September 2011 at 17:07

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