Basis for determination of director’s remuneration ‑ Condition restricting travelling/daily allowance to limits laid down in Income‑tax Rules ‑ Whether to be imposed while giving approval under the section
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Director travel allowance limits: government declines to mandate income tax caps, urging payments on actual expenditure instead. The Central Government decided that no mandatory condition should be imposed requiring travelling and daily allowances payable to directors to be limited to amounts laid down in the income tax rules; instead, companies should ensure such payments are made on the basis of actual expenditure and that expenditure is kept to a minimum.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Director travel allowance limits: government declines to mandate income tax caps, urging payments on actual expenditure instead.
The Central Government decided that no mandatory condition should be imposed requiring travelling and daily allowances payable to directors to be limited to amounts laid down in the income tax rules; instead, companies should ensure such payments are made on the basis of actual expenditure and that expenditure is kept to a minimum.
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