Professional fees or remunaration

Others 479 views 1 replies

Mr. X (Technical person) was appointed as CEO in 2008 and was paid Rs. x professional fees. In Jan 2010 he became directors in that company. Whether he can still received  professional fees ? or payment to him should be director's remunaration.

Replies (1)

if he is providing something extra than his duty and which can be classified as professional services then he can get professional fees as well. But directors remuneration is also considered as professional fees if it is not paid as monthly salary.


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