Limit of director remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2012
Is there any limit for Director Remuneration for private limited company under Companies Act?
26 June 2012
No limit to private companies as per the Companies Act.
AO may disallow by the virtue of section 40(A)(2) if it is unreasonable.
AO may disallow by the virtue of section 40(A)(2) if it is unreasonable.
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