salary to shaeholder
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2011
Dear Experts,
Can a limited company(unlisted) pay salary to its shareholder?
Thnx in advance.
Can a limited company(unlisted) pay salary to its shareholder?
Thnx in advance.
10 May 2011
Yes, The company can pay salary to its share holder, Such payment shall be diclosed in the annual report U/s 301 and shall be disclosed in the tax audit report.
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