Accounting · Company Accounts
As per Section 198 of the Companies Act, 2013, which of the following is allowed to be deducted while calculating the net profit for managerial remuneration if gross profit is taken as the starting point?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Income tax or super-tax levied on the company's income
- 2Directors' sitting fees✓
- 3Voluntary compensation paid to employees
- 4Loss of a capital nature
Correct answer
Directors' sitting fees
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