Whether limit specified under Section II, part II of schedule V of CA 2013 is foe individual Managerial Personnel or for all Managerial Personnel taken together.???
2 Replies
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 07 September 2016
It is for single managerial personnel. Refer opening sentence of Section-II:
"...... tenure of a managerial person, ....... pay remuneration to the managerial person not exceeding the higher of the limits under (A) and (B) given below...."
It does not state that it is remuneration to all managerial personnel taken together.
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
