is the director remuneration should be disclosed in Administrative exp. head and it should be disclosed as AS 18 related party transaction .
In most of the annual reports i have seen some companies it disclose in administative head and some companies in AS 18 as a related party transaction .
16 September 2010
Part 11 Clause 4 Of schedule V1 says as follows:- The p & l shall also contain or give by way of a note detailed information,showing separately the following payments provided or made during the financial year to the directors..... In view of the above either remuneration to directors should be specifically shown in p& l a/c or ,if clubbed with any other head, details of grouping along with its working should form part of the Notes on accounts.
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