Whole time director

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Querist : Anonymous (Querist)
07 October 2014 WHETHER WHOLE TIME DIRECTOR SHALL BE TREATED AS EMPLOYEE FOR THE PURPOSE OF SECTION 217(2A), PARTICULARS OF EMPLOYEES IN DIRECTORS REPORT??

07 October 2014 Yes.

Whole-time director is treated as an employee

07 October 2014 Yes WTD will be treated as an employee from the point of view of disclosure of his remuneration. You are further advised to show his CTC for compliance of section 217(2A).

Many company tend to avoid disclosure on the basis of take home salary which is not a correct view.

Thanks


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