Hi,
Is there any restriction on the amount of Salary that can be paid to the directors of a Private limited Company?
Menu
Restrictions on the amount of Salary for the Directors of Private Limited Company
Replies (4)
No there is no limit.... maximum capping limit mentioned in the act. which can be doubled by passing special resolution
I think there is no limit on directors remuneration incase pf pvt ltd company but AO can apply the provision of sec. 40A(2) of income tax. sec. But in case of public company there is limit given us 197 of co. act.
What is. a small company under section 2(85}
There is no specific limit of remuneration in a private limited Company. However if such Director is designated as Key Managerial Personnel pursuant to the provisions of section 203 of the Companies Act 2013, then such remuneration of key managerial personnel shall be approved by the Board of Directors by passing board resolution board meeting- section 203(2)
Recent Threads
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
- Should I file Revised Return U/S 139 (5)?
- Voice commands for Tally ERP - would CAs find this
Related Threads
CAclubindia
