Directors remuneration payable to be converted as unsecured

Bhaskar reddy (employee) (31 Points)

08 February 2012  

Please suggest me

 

we have to pay monthly remuneration 3,00,000/-to our one ofthe director.we have booked remuneration & paid tds also.we have to pay from jan'11 to jan'12 nearly 35 lakhs. This total amount tobe converted as a unsecured loan received from director?

is it correct, please help me.

 

bhaskar