https://www.taxtmi.com/article/detailed?id=1288 Excessive remuneration and perquisites to promoters and controlling directors should be disallowed when payments exceed market norms, legitimate business needs, or benefits derived. Risk related returns (dividends, interest, guarantee commissions, conversion options, business opportunities) are distinct from remuneration for services and must not be treated as salary. Reasonable pay is to be determined by objective factors such as qualifications, experience, time devoted, comparable executive pay and market value; irrelevant factors include shareholding, relatives' stakes, past forgoing of pay, and capital appreciation. en-us Sat, 14 May 2011 12:46:33 +0530 Sat, 14 Sep 2013 23:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1288 Excessive remuneration and perquisites to promoters and controlling directors should be disallowed when payments exceed market norms, legitimate business needs, or benefits derived. Risk related returns (dividends, interest, guarantee commissions, conversion options, business opportunities) are distinct from remuneration for services and must not be treated as salary. Reasonable pay is to be determined by objective factors such as qualifications, experience, time devoted, comparable executive pay and market value; irrelevant factors include shareholding, relatives' stakes, past forgoing of pay, and capital appreciation. Articles Income Tax Sat, 14 May 2011 12:46:33 +0530 https://www.taxtmi.com/article/detailed?id=1288