Section 301 register

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Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2014 Do we need to enter Directors Remuneration in section 301 register?

daman garg

daman garg (Querist)
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25 January 2014 will the gardner's salary is taxable in rent free accomodation

@VaibhavJ

@VaibhavJ (Expert)
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25 January 2014 Hi

No it doesnt form part of RFA, taxable as perquisite.

thx

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Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2014 Please reply as to whether Directors remuneration would form part of section 301 register?

@VaibhavJ

@VaibhavJ (Expert)
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27 January 2014 Hi,

Remuneration paid to director is being paid by the company to the director for rendering the services to the company. It is given by the company to the directors as a whole for rendering various types of services tot he company & not for a particular service/contract

For transactions relating to section 301 the director is only requried to disclose his interest to the Board and is not entitled to participate in those meetings.

Thx

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@VaibhavJ

@VaibhavJ (Expert)
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27 January 2014 refer http://vapi-icai.org/downloads/Sec%20297,%20299%20n%20301.pdf