Hi everyone.
I have a query about private ltd companies.
Is there a section in the Income tax act which disallows/penalizes payment of salary/remuneration to an employee of a private Ltd. Co?
I would be glad if anyone could enlighten me on this.
Menu
Private ltd company-salary
Replies (1)
Yes there are nos of sections.
E.g.
Payment in excess of 20000 in cash 40(A) (3)
Payment without deduction of tds if applicable u/s 40 ( i ) (va).
Payment if related party and the same does not hold sufficient qualification for such position 40(A) (9)
etc
Recent Topics :
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
Related Topics :
CAclubindia
