Ascertainment of accounting head
This query is : Resolved
29 May 2013
Can we debit 'Remuneration to Directors' under the head 'Employees benefit exp.'
Please revert..
Please revert..
Silpa Agarwal
(Expert)
29 May 2013
As per the revised schedule 'Remuneration to Directors' can be shown under the head 'Employees benefit expense'.Under the sub head 'Salary,wages and bonus'.
29 May 2013
And if the salary is made to any other staff member than Same a/c shall be debited or what?
Silpa Agarwal
(Expert)
29 May 2013
Yes for the salary to any other staff member 'Salary,wages and bonus'account is to be debited.
Tushar Desai
(Expert)
29 May 2013
I agree with the solution given by Shilpa Agarwal. But, I have one question for Sumit. Are you talking about Full-Time Director? I want to know is whether your Director is an employee or independent director.
If he is an independent director, remuneration paid to him is not covered under salary head. Payment to Independent Director is considered as payment against Professional Service.
If he is an independent director, remuneration paid to him is not covered under salary head. Payment to Independent Director is considered as payment against Professional Service.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
