Ralated party transaction
sachhi (aghghg) (60 Points)
18 June 2018Please confirm this.
Siddharth Goel
(Chartered Accountant)
(3026 Points)
Replied 19 June 2018
Hi,
Reimbursement of expenses to directors are not to be treated as related party transactions if there is no additional margin on the reimbursement amount.
This means, if the reimbursement amount is equal to the amount of actual expenses incurred, then there would not be a related party transaction.
This is in accordance with Ind AS 24.
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