TMI BlogDisallowance u/s 40A(2) - payment of remuneration to whole time directors - Not disputed that the...Disallowance u/s 40A(2) - payment of remuneration to whole time directors - Not disputed that the concerned directors are assessed to tax at the maximum rate of 30%. - the provisions of section 40A(2) are not attracted to the payment made to the directors. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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