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Dirrctors Remuneration

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(Querist)
21 December 2016 One of my client (Private limited) has a loss of Rs. 2.5 crs and they have paid Salary and bonus to the tune of Rs 2.1 Cr to its 2 directors. whether that shall be allowed??? Give relevant section.
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c.bakshi

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c.bakshi (Expert)
22 December 2016 Private company Schedule V is applicable to it. However, No bar as per income tax act, 1961

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