Can you please tell me the provision or section where in it is mentioned that being an artificial person company can`t get salary as source of income...
20 March 2014
Only a LIVING PERSON can be "EMPLOYED." . . From the question raised by you it seems you WANT to pay SALARY to a COMPANY "ANYHOW" hence you are TRYING to ESTABLISH it. . . The correct answer is : . DIRECTORS of a COMPANY are paid SALARIES because they are LIVING PERSONS employed under the company. . . If you assume that a company can be paid a salary then firstly reply the following: . . 1. How would you make ATTENDANCE of the COMPANY as an EMPLOYEE? . 2. How would you allow LEAVES, LEAVE TRAVEL CONCESSION, GRATUITY, PENSION, "CHILDREN EDUCATION ALLOWANCE" etc. to a COMPANY? . . Hope now your doubt is clear. .
20 March 2014
FINALLY : . . Can we gift TOYS to a BARBIE DOLL? . . Hint : . (Toys = Salary & Barbie Doll = Employee) . . Interesting, here SALARY can be really paid but the person must be in EXISTENCE to ACCEPT it physically.