40A2
This query is : Resolved
26 May 2009
in case of a company not coming under tax audit is this section applicable remuneration,salary to directors expenses disallowed
26 May 2009
yes 40A(2) applicable to all assessees
26 May 2009
The section is applicable to all assessee irespective of the tax audit or not. In a tax audit, an auditor is obliged to report all the payments made to such person to assist the tax authorities in finding such payments at a glnace.
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