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Calculation of net profit approach in managerial remuneration

Answer»

Profit calculation for managerial remunerationThe MANAGER of a company MAY receive remuneration by WAY of a monthly payment and/or by way of a specified percentage on net profit calculate according to Sees. 349, 351 provided that such remuneration shall not exceed in the aggregate of 5% of the net profit without the approval of the Central Government— SEC. 387.



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