22 September 2009
In Form 23AC / ACA, we have to mandatorily write the Gross value of transactions with AS-18 parties. My queries:
1) Who are those parties?
2) What should we exaxtly look in the Balance sheet / P&L A/c to get the AS-18 figure (e.g. directors remuneration, etc). Please give a list of all the probable items appearing in the B/Sheet and P&L A/c
Guest
Guest
(Expert)
23 September 2009
Reply to your queries:
(1) Parties are Directors/ Director's Relatives, and Firms/ Companies in which director's are interested.
(2) You should have to check entire years transaction. But If you want to tally then , check the board meetings & Register U/S 301.
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