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Managerial Remuneration
Accountancy
Please refer to the below answer for computation of managerial remuneration of ICAI past RTP. They have deducted directors's fee here but as per section 197, remuneration of directors should not be deducted from net profits while calculating managerial remuneration.
Answers (6)
Sowmiya A
refer icai material pg 4.22 they have given clearly what to deduct and what not to deduct
In pg 4.14 they have given as per section 197, director remuneration not to be deducted
CA Suraj Lakhotia Admin
Director remuneration is excluded. Director fees is not
Ok Sir. Thanks. I thought they are one and the same thing