Managing Director and whole time Director (Operations) were paid ...
Board Resolution Allows Commission Payments as Salary for Directors u/s 17, Compliant with Companies Act.
November 4, 2013
Case Laws Income Tax AT
Managing Director and whole time Director (Operations) were paid commission on the basis of duly passed Board Resolution and was in accordance with the provisions of the Companies act. The payment of Commission is necessarily a part of salary as defined in section 17 - claim allowed - AT
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