Whether company can claim expenditure?

Remuneration paid to directors by the company exceeding exemption limit without TDS, whether company can claim expenditure..?????

Replies (4)

yes its deductible expenses and you have to deduct TDS on it u/s 192 if the remuneration excessding exemption limit....

company can claim expenditure only if TDS is deducted

Salaries do not come under the purview of Section 40a(ia) of the Income Tax Act.  You can claim directors remuneration as an expense even if no TDS is paid on the same.  However you would be liable to pay interest and penalty on the same if you are held as an assessee in default.

as rightly said by the previous person, salaries do not come under the purview of Section 40a(ia)and hence yes, you can claim it as an expense.

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