06 December 2012
1)For Schedule VI purpose you have to check out the limits of maximum remuneration paid to directors. 2)For company law purpose i.e. in case of default in appointment of director company must received all remuneration paid to directors. 3)For TDS purpose you have to deduct tax @10% on directors remuneration. 4)To comply the provisions of Schedule VI. we have to show the directors remuneration separately in financial statements. 5)To comply the provisions of As-18.
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