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Paymnet to relative

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 October 2014 WHETHER PAYMNET TO UNCLE FOR PURCHASE NEEDS TO BE DISCLOSED IN TAX AUDIT REPORT?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
03 October 2014 Yes needs to be shown in tax audit report u/s 40A(2)(b)
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2014 IN MY OPINION NO
IT IS COVERED UNDER DEFINATION OF REL;ATIVE GIVEN IN SECTION 56
UNDER SECTION 40A THE DEFINATION OF RELATIVE SHOULD BE AS DEFINED IN SECTION 2 (41)




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