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Disclousre u/s 40A(2) of I.T.Act

This query is : Resolved 
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(Querist)
12 May 2010 Whether in case of Partnership Firm the Payment made to one Partner & other Partner's wife towards lease rent & interest on unsecured loan from partner's wife respectively can be disclosed as required u/s 40A (2) of I.T. act for Tax Audit purposes under 3CD Form.

Please reply urgently.
Regards.
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Akbar Mirza

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Akbar Mirza (Expert)
14 May 2010 Yes such all transactions are required to disclosed as per sec 40A(2) of I.T.Act in form 3CD, as all transactions are related party transactions.
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