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Section 217 (2A)

Amit Diwan (AM Finance) (44 Points)

19 August 2009

Hi,

Whether disclouser under Section 217 (2A) will be Gross Income or Gross taxable Income after deducting Investment and Section 10 dedcution

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3 Replies

Ajay Mishra (Company Secretary) (74332 Points)
Replied 20 August 2009

Dear Mr. Amit

Particular of employees as required to be disclosed under section 217(2A) of the Companies Act, 1956 read with Companies (particulars of Employees) Rules 1975 which also include remuneration. The total remuneration is required to be given without any deduction under any law which are applicable to employee.

Regards

Ajay Mishra (Company Secretary) (74332 Points)
Replied 20 August 2009

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 20 August 2009

As per Explanation to Sec.217(2A) "remuneration" has the meaning assigned to it in the Explanation to Sec.198 which provides that remuneration shall include perquisites specified therein. Hence remuneration will be gross remuneration plus perquisites as specified.