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directors remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2010 what is the limit for private co. for paying directors remuneration as per companies act..
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 September 2010 No limit. But is should be comparable to market rates.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2010 thanks aditya , but if such limits are not specifically mentioned in co. act 1956,then there are possibility that one can give higher remuneration to the directors and there by reduce the profits and thereby avoid tax payments.
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mohinder kansal

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mohinder kansal (Expert)
01 September 2010 yes, it is also a tool of tax planning. However, remuneration will be taxable in the hands of directos
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 September 2010 thanks a lot mohinder.

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