Form 3cd

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REEMA (Querist)
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19 September 2013 POINT NO.-18 OF FORM 3CD-I WANT TO ASK WHAT WE NEED TO MENTION IN THIS POINT IF PAYMENT IS made TO SPECIFIED PERSON UNDER SEC-40a(2)(b)or excessively paid to person specified under same same section and secondly what abt specifically for interest and commission paid to partners of a a firm.

Ankit

Ankit (Expert)
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19 September 2013 Reema,

In this clause all payments are to be disclosed, whether or not they are excessive…..
Yes..interest and commission to the partners is to be disclosed in the clause

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Ganeshbabu K

Ganeshbabu K (Expert)
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19 September 2013 Any payments made to related parties are to be reported under this claues
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just obtain list of related parties and scrutinize those ledgers

Ganeshbabu K

Ganeshbabu K (Expert)
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19 September 2013 Commission paid to partner reportable as related party payment and it is also disallowed under clause 16B

Ganeshbabu K

Ganeshbabu K (Expert)
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19 September 2013 Commission paid to partner reportable as related party payment and it is also disallowed under clause 16B

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