From the following particulars of the limited company calculate the maximum remuneration payable to managing director and other part-time directors of the company:--
Net profit before provision for income tax and managerial remuneration, but after depreciation and provisions for repairs=86,84,100
Depreciation provided in the book=32,00,000
Repairs of machinery provided for during the year=2,50,000
Actual expenditure incurred on repairs during the year=1,50,000
Can someone please solve this question ?!
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Managerial remuneration
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on 8684100-3200000-150000 = 5334100
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