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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Disallowance made u/s 40A(2)(a) - higher salary paid to ...


Higher Salaries for Directors in Related Party Deals Exempt from Section 40A(2) Due to Maximum Tax Rate.

November 23, 2018

Case Laws     Income Tax     AT

Disallowance made u/s 40A(2)(a) - higher salary paid to Directors - Related party transactions - the concerned directors are assessed to tax at the maximum rate of 30% - the provisions of section 40A(2) are not attracted to the payment made to the directors

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