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

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 https://www.taxtmi.com/circulars?id=10837 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. en-us Sat, 01 Feb 1975 00:00:00 +0530 Fri, 17 Jun 2011 13:13:00 +0530 TaxTMI RSS Generator 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 https://www.taxtmi.com/circulars?id=10837 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. Circulars Companies Law Sat, 01 Feb 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10837