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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..... roval under the section - No. 5/75, Dated:- 1-2-1975 Circular - Circulars - Companies Law - Circular : No. 5/75, dated 1 ‑ 2 ‑ 1975. Subject:-Basis for determination of director .....

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..... in rule 6D of the Income‑tax Rules, 1962 should be imposed, has been considered in consultation with the Company Law Advisory Committee. Having regard to the various practical difficulties faced .....

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