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 Threads
- Income tax-wrong head challan
- Regarding berthing of vesse
- Schedule FA reporting - peak value and cash MMF
- Partnership firm with foreign national person
- Audit required
- Deemed Withdrawal of ASMT-13 Orders & Adjustme
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of ITR Form
Related Threads
CAclubindia
