Giving notings in form 3cb-3cd point 18
This query is : Resolved
12 August 2013
Can anyone please tell me that in form 3CB-3CD Point no.18 that reads:
"Particulars of any payments made to persons specified under section 40A(2)(b)"
In this point, should we give details of all payments made to each person specified under this section or we should just give details of payments that are dissallowed as per this section .i.e. these are not allowable as expenses?
Please reply.
"Particulars of any payments made to persons specified under section 40A(2)(b)"
In this point, should we give details of all payments made to each person specified under this section or we should just give details of payments that are dissallowed as per this section .i.e. these are not allowable as expenses?
Please reply.
12 August 2013
You have to give particulars of ALL payments. You cannot decide which payment is disallowed. That power lies with the AO.
You have to mention ALL payments made to related persons.
You have to mention ALL payments made to related persons.
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12 August 2013
Thank You Sir
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