Director's Salary Disallowed: No Tax Evasion; Reasonable Remuneration Needs No Central Govt Approval for Unlisted Loss-Making Firms.

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....Disallowance of salary paid to director - There is no tax evasion and there is reasonableness of managerial remuneration. - higher remuneration - Now no approval is required from the Central Government for making payment of higher remuneration even in case of loss in the case of unlisted public company.....