MD has been appointed with NIL Remuneration. Now the company is keen to pay him Travelling allowances for offcial purpose and to attend board meeting. Will such payment come under Remuneration or not? How can the compny pay such sum withoput qualifying it as remuneration?
Thanks in advance.
amount paid to whole time director (MD, Executive Director) by way of attending borad meeting shall be considered as remuneration paid to director
Chirag N Shah & Associates
Mumbai
CA Inter
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Gowra Ventures Pvt Ltd
Hyderabad
CA
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VIKAS VERMA & CO
New Delhi
Others
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CAclubindia
Pro
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