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Mr. A, an Indian Resident is a Managing Director of XYZ Limited, a listed entity. At present, he is withdrawing salary of Rs.90 Lac per annum from XYZ Limited and of Rs. INR 20 Lac per annum from XYZ Brazil Inc, which is a foreign subsidiary of XYZ Limited. Now he is intending to withdrawn salary of INR 40 Lac per annum from XYZ Europe Inc, another foreign step down subsidiary of XYZ Limited. Can Mr. A draw salary from another foreign subsidiary?

Remuneration to KMP

Posted By: Ashok 7 year(s) ago

This question has been closed if you want to answer,you have to re-open.


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Pramod Prabhudesai
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