Interest on advances/guarantee commission paid to directors ‑ Whether the same are to be included in remuneration of directors for purposes of the section
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Director remuneration: guarantee commission counts as remuneration but interest on loans is treated as return on investment. The circular treats guarantee commission paid to a director for undertaking liability on a company loan as remuneration for services and therefore ... Summary
Director remuneration: guarantee commission counts as remuneration but interest on loans is treated as return on investment.
The circular treats guarantee commission paid to a director for undertaking liability on a company loan as remuneration for services and therefore includible in director remuneration, whereas interest paid to directors on advances is characterised as a return on investment and not includible as remuneration.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
