clause 18 of form 3cd

This query is : Resolved 
 

(Querist) 10 September 2009

IN SPECIFIED PERSONS RELATIVES OF DIRECTORS ARE ALSO INCLUDED.IF YES SUBSTANTIAL INTEREST OF THE RELATIVES IS ALSO REQUIRED?


Anjani Pratap Tiwari (Expert) 10 September 2009

Yes. Interest of the specified persons are not required in 3cd , we have to just disclose nature of payment.

Kaustuv (Expert) 10 September 2009

Yes, relative of a director of a company/firm/AOP/HUF having substantial interest in the business of the assessee is also a specified person.

Substantial interest rule only applies to the company/firm/AOP/HUF and not to the director/member/partner/relative of them.

CA CHINTAN AJMERA (Expert) 10 September 2009

Agree



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