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Company directors exp. & salary.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 which expenses allowed for company directors.
& what is the limit of salary/honorarium for company director or proprietor.

Thankig you
satyam
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
02 April 2012 All Official expenses of directors spent on behalf of the company are allowed.
In case of salary, maximum of 11% of net profit only can be paid to directors.

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