banner_ad

AS-18

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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
Profile Image

Guest

Profile Image

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.

Regards,
Ankur Shah
Profile Image

CA Binal Shah

Profile Image

CA Binal Shah (Expert)
23 September 2009 agree with ankur.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details