Prerequisites
This query is : Resolved
03 December 2011
If a Pvt Ltd Co. wants to pay 2 lacs to its director then what prerequisites can be provided to reduce tax liability from the point of director?
07 December 2011
Following Perquisite may reduced tax liability :
1. Telephone bill
2. Insurance of Director U/S-80D
3. Rent free accomdation at concessional rate.
4. Medical reimbursement upto Rs.15,000.
5. Use of Car facility is taxable only subject to condition.
6. where company engaged in production activity goods sold to director will attract to only cost of production.
1. Telephone bill
2. Insurance of Director U/S-80D
3. Rent free accomdation at concessional rate.
4. Medical reimbursement upto Rs.15,000.
5. Use of Car facility is taxable only subject to condition.
6. where company engaged in production activity goods sold to director will attract to only cost of production.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
