40a(2)(b)
This query is : Resolved
14 December 2012
payment to partner's son Rs. 8000/- against loan interest. its covered
u/s 40a(2)(b) ??
u/s 40a(2)(b) ??
14 December 2012
Hi
Yes, where the assessee is a company, firm, association of persons or Hindu un-divided family; payment made to any director of the company, partner of the firm, or member of the association or family, or any relative of such director, partner or member is covered.
Thanks//Vaibhav
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Yes, where the assessee is a company, firm, association of persons or Hindu un-divided family; payment made to any director of the company, partner of the firm, or member of the association or family, or any relative of such director, partner or member is covered.
Thanks//Vaibhav
Revert for more clarity.
Click thank button to convey your appreciation.
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