Related party disclosure under section 40a(2)(b)

AKKI SHARMA (Student CA IPC / IPCC) (88 Points)

02 December 2016  
Dear all, under Section 40A(2)(b) disclosure has to be made for the payments made to related parties.Whether sale of any goods or services (i.e. payment received from any related parties) is to be disclosed under the same section? Kindly reply asap