Sitting fees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2013
Would sitting fees paid to non executive director who constitutes a related party, would it require disclosure under AS18. would it be treated as reimbursement of expenses, hence no disclosure is necessary?
Thanks.
Thanks.
09 August 2013
if such non executive director falls in the definition of related person then disclosure is neccesary.
even for reimbursemnet still disclosure is required if he is within defintion of related person.
even for reimbursemnet still disclosure is required if he is within defintion of related person.
09 August 2013
Any amount paid to director will be related party and accordingly disclosure should be done
Disclosure should be in such a way that nature of relationship with the company and nature of transactions and amount
Disclosure should be in such a way that nature of relationship with the company and nature of transactions and amount
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Relief u/s Section 89
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
