Whether rent free accomodation/any other facility provided to Key Management Personnel should be included in related party disclosure. What should be the amount????
Pls reply.....
Thanx
Menu
AS 18
Replies (2)
No,
To my mind it should not be disclosed.
Sunil
Dear mitul
As per AS 18, there is two concept first is control and another is significant influence.
Where there is control then name of the related party is to be disclosed whether there is any transaction or not but in case of significant influence if there is any transcation with related party then it should be disclosed.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
