15 April 2010
In a Pvt Ltd company, Can a director who is a doctor be paid salary as well as consultancy fee. Also discuss the TDS implications thereon
15 April 2010
Oops i forget to mention about section 314. This section is applicable to a private company.
If you pay your director any consultancy fee over and above the remuneration to which he is entitled as a director than in that case section 314(1)(a) would become applicable and you have to collect approval of shareholders by way of special resolution before paying any fee in addition to remuneration.
Thankyou Ankurji, But any hindrance in paying the director a consultancy fee along with his remuneration, he being a qualified doctor?
@ Srinivasulu Sir,
Can't a stand be taken that such an amount is for his specialized service as a doctor and is not a remuneration but a Consultancy fee on patient basis, over and above his remuneration acting as a director
CAclubindia
