There is no limit on director's remuneration for a Pvt. Ltd. co. under companies Act. Now, are there any limits specified under income tax act or there also, whatever is paid is allowed as a deduction. Also, pls suggest if there are any other rules / limits around it.
1 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 14 December 2020
In income tax no limit but director remuneration should be reasonable
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