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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Payment of commission to directors without rendering any service ...


Director Commissions Not Deductible as Expenses Without Services, Even with Board Approval and Companies Act Compliance.

September 23, 2013

Case Laws     Income Tax     AT

Payment of commission to directors without rendering any service - Payment of commission cannot be allowed as expenditure simply because, it is approved by the board and it is in accordance with the provisions of the Companies Act, 1956 - AT

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