Easy Office
LCI Learning

salary to shaeholder

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 May 2011 Dear Experts,

Can a limited company(unlisted) pay salary to its shareholder?

Thnx in advance.
Profile Image

prasad

Profile Image

prasad (Expert)
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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links