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Managerial Remuneration

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(Querist)
15 June 2010 dear all,
Managerial remuneration paid in a pvt Ltd Com.. whether allowable fully ? or any ceiling limit ? under IT Act 1961 ?
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Ankur Garg

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Ankur Garg (Expert)
15 June 2010 Strict provisions connected with Managerial remuneration are not applicable to a private company.

A private company can provide Managerial remuneration subject to the provisions of its articles.

Regards
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
15 June 2010 agreed
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