29 May 2013
As per the revised schedule 'Remuneration to Directors' can be shown under the head 'Employees benefit expense'.Under the sub head 'Salary,wages and bonus'.
29 May 2013
I agree with the solution given by Shilpa Agarwal. But, I have one question for Sumit. Are you talking about Full-Time Director? I want to know is whether your Director is an employee or independent director.
If he is an independent director, remuneration paid to him is not covered under salary head. Payment to Independent Director is considered as payment against Professional Service.
CAclubindia
