Section 217 (2A)

This query is : Resolved

S.K.Sharma

S.K.Sharma (Querist)
Follow

11 June 2010 How to work out remuneration amount for the purpose of disclosure u/s 217(2A)

Is arrears paid in current year relating to previous year shall be part of current year remuneration

gratuity or post retired medical benefits provided in accounts based on actuarial valuation shall be considered for above working

Amount paid on retirement like leave encashment, gratuity lumsum shall be part of remuneration for the year

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

11 June 2010 Circular number 23/76 dated August 6,1976 says remuneration received means all expenses incurred by companies in providing any benefit or amenity to the employee and the word remuneration has the meaning assigned to it in section 198 of the Companies Act,1956.
In view of the above and as per my understanding of the issue:-
1) arrears should be included.
2) provision for gratuity / retirement benefits need not be included. But it should be disclosed by way of a note in the statement prepared under section 217(2A).
3) Payment on account of retirement benefits should be included.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Chandan Kumar

Aniruddha Mody

R B Pethe

Vijay Singh

Ahamed Kabeer

Subscribe Now

Section 217 (2A)

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

GST CONSULTANT

Senior Executive

CA Final