A situation has arisen involving a public limited company's intention to purchase a policy for its directors. The agreement entails that the director will dedicate a minimum of 10 years to the company's service, during which the company will cover the policy premium. This expense will be reflected in the company's profit and loss statement as a legitimate deduction under the Income Tax Act.
Throughout the initial 10-year span, the company retains ownership of the policy. After this period, ownership transfers to the employee-director. Consequently, all policy benefits accrue to the employee.
In this context, my query pertains to the calculation of the director's remuneration. Specifically, should the payment of the policy premium be included as part of the director's overall compensation package?
When attempting to make a payment for filing a trademark application, I encounter an error message stating, 'Please check XML file or digital signature.' This issue has persisted for the past week, and despite trying various solutions, I have been unable to resolve it. What steps can I take to troubleshoot and overcome this error?
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application
trademark
filing
payment
Hi Friends!
Can the services of Payment Aggregators (PA) be used for loan disbursals and repayments?
services
aggregators
payment
Hi Professional!!
Whether the tenants are also required to pay GST on the rent ?
If yes, is there any condition or relief on paying GST ?
Hi all,
What laws relating to the payment of dividend are applicable to the company and the shareholder?
Hello everyone
What are the precautions that I should take while filling up the tax payment challan?
Hi Everybody!
Under IBC there is a provision that the financial creditors who have voted against the resolution plan shall be paid in priority of the financial creditors who have voted in favor of the resolution ?
Is this statement is valid ? If yes, what is the purpose served behind this provision ?
Hey Friends,
Is there any relaxation in stamp duty payment in
incorporation of a Section 8 Company?
Regards,
Vidushi Rohatgi
section
company
incorporation
payment
stamp
duty
relaxation
If we filed INC-20A for Company on 182nd day with a late fee of 600/- but the subscriber paid money within 180 days.
Is it non compliances ?
days
after
money
subscription
payment
I have certain amount in my e-cash ledger, can I use this amount for the payment of tax on RCM basis?
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Dear Member,
Is the condition to pay the supplier within 180 days applicable to supplies covered by reverse charge?
Dear Members,
Greetings!!
If shares are registered on the name of Mr.A ( registered Owner) in Regsiter of Members, and beneficial interest in held by Mr. B ( beneficial owner) then income tax payment is to be made by whom on dividend amount, Mr. A or Mr. B, please suggest.
Thanks in Advance.
payment
shares
owner
beneficial
dividend
