Income tax
This query is : Resolved
ANJALI NEGI
(Querist)
07 September 2012
heloo friends .. can anyone explain me what actually Substancial interest means in Income tax Act.
CA Ayush Agarwal
(Expert)
07 September 2012
in Every Section, Its Differ.
Some Where 10% Share Holding,
Some Where 20%^ Share Holding,
SomeWhere Include Relative, Definition Different.
For Which Section Do You Want to Know.
Some Where 10% Share Holding,
Some Where 20%^ Share Holding,
SomeWhere Include Relative, Definition Different.
For Which Section Do You Want to Know.
ANJALI NEGI
(Querist)
01 October 2012
Actually i wanted to know in regards of AS-18, its very confusing
CA Ayush Agarwal
(Expert)
01 October 2012
AS 18 & Income tax Relatives are Different Things.
Relative Definition as Per AS 18
Relative in relation to an individual, means the spouse, son, daughter,brother, sister, father and mother who may be expected to influence, or be influenced by, that individual in his/her dealings with the reporting enterprise.
Relative Definition as Per AS 18
Relative in relation to an individual, means the spouse, son, daughter,brother, sister, father and mother who may be expected to influence, or be influenced by, that individual in his/her dealings with the reporting enterprise.
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