Limit of director remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2012
Is there any limit for allowance of Director Remuneration under Income Tax Act?
26 June 2012
there is no limit, what soever in the income tax act for Dir. remuneration,
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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