Hi everyone.
I have a query about private ltd companies.
Is there a section in the Income tax act which disallows/penalizes payment of salary/remuneration to an employee of a private Ltd. Co?
I would be glad if anyone could enlighten me on this.
prateek choudhary (Business) (28 Points)
04 June 2014Hi everyone.
I have a query about private ltd companies.
Is there a section in the Income tax act which disallows/penalizes payment of salary/remuneration to an employee of a private Ltd. Co?
I would be glad if anyone could enlighten me on this.
Sunil Kumar
(Indirect Taxation )
(1246 Points)
Replied 04 June 2014