Payment to Director

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..... Dear Sir Whether any advance can be paid to Directors against remuneration and can be adjusted against remuneration due in subsequent month. At the end of the year all payments has been adjusted aga .....

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..... inst remuneration. As per income tax authority there should not be any debit balance on any day in directors account in a financial year. Thanks Sanjay - Reply By Asish Kumar Nath - The Reply = .....

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..... Dear sanjay, As per best knowledge company can't pay any advance to Directors. - Reply By CA Rachit Agarwal - The Reply = Dear Sanjay, Payment of Advance to director would tantamount to Loan t .....

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..... o Director and may lead to default under Section 295 . Further from the Income Tax point of view default may be under 2(22)(e) , deemed dividend. - Payment to Director - Query Started By: - sanj .....

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..... ay misra Dated:- 8-11-2011 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxma .....

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..... nagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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