dear charted Accountants,
the managerial remuneration does not exceed 11% of net profit that is okay
3% of net profit and 1% of net profit
in which scenaria I should have to use three percentage and one percentage could you please explain me the law
2 Replies
Chirag
(Professional)
(1979 Points)
Replied 02 October 2022
3% In Case when Company don't have any MD or Whole Time Director ,and In the case if it's is ,then 1% with the overall ceiling of 11% and profit to be calculated as per Sec 198
MPR Sanjay Kumar
(3118 Points)
Replied 02 October 2022
@ Thank you Soo much , always please guide me
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