Director remuneration

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sheetal chechani (Querist)
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16 September 2010 Can any body clear me that

is the director remuneration should be disclosed in Administrative exp. head
and it should be disclosed as AS 18 related party transaction .

In most of the annual reports i have seen some companies it disclose in administative head and some companies in AS 18 as a related party transaction .

whare should be it properly placed.

pls rpl urgent

Aditya Maheshwari

Aditya Maheshwari (Expert)
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16 September 2010 Director remuneration can be shown in the part of salaries also.

It will be disclosed in AS - 18 in any case.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 September 2010 Part 11 Clause 4 Of schedule V1 says as follows:-
The p & l shall also contain or give by way of a note detailed information,showing separately the following payments provided or made during the financial year to the directors.....
In view of the above either remuneration to directors should be specifically shown in p& l a/c or ,if clubbed with any other head, details of grouping along with its working should form part of the Notes on accounts.

VINOD ARORA

VINOD ARORA (Expert)
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16 September 2010 Agreed with Mr. Chakrapani.

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