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Limit of director remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2012 Is there any limit for allowance of Director Remuneration under Income Tax Act?
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CA Harish Suwalka

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CA Harish Suwalka (Expert)
26 June 2012 there is no limit, what soever in the income tax act for Dir. remuneration,
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CA Harish Suwalka

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CA Harish Suwalka (Expert)
27 June 2012 but the amount of remuneration must be reasonable and bonafide, any suspicion will attract disallowance under Sec 40(A)(2)(b)
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