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Directors' remuneration in revised schedule vi

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Amit Kumar Verma

CA Final CS Professional

325 Points Posted on 13 March 2013

Hi Members!!

Can anyone tell me whether Directors' Remuneration will be shown under Employee Benefit Expense?

If no, then where this expense will be shown??

Thanks..

Replies (2)

Giridhar S Karandikar

Team Lead

5675 Points Posted on 13 March 2013

Remuneration paid to Director is not an Benefit paid to the director, but it's an income of the director for the services rendered by him to the company.

So it shud b shown seperately in the INcome STatement as Director's Remuneration.

CA Parul Saxena

6475 Points Posted on 13 March 2013

As per the Guidance note of ICAI on Revised Schedule VI Director's Remuneration is to be shown as Employee cost in Statement of Profit and Loss..................