Payment made to person specified u/s 40a(2)b
This query is : Resolved
22 September 2016
If on of our client purchase some raw material of Rs.1200000 from its holding Company in F.Y. 2015-16 and it Paid a sum of Rs.1000000 in F.Y. 2015-16 and Rs.200000 is still outstanding than in Tax Audit Report in Point No.23 Particulars of Payment made to person specified under section 40A(2)b what amount will be reported :-
1.Rs.1200000 Amount of Raw Material purchase.
2. Rs.1000000 Amount of Payment Made.
1.Rs.1200000 Amount of Raw Material purchase.
2. Rs.1000000 Amount of Payment Made.
22 September 2016
In tax audit report we should report the total transaction value. i.e in your case Rs 12,00,000/-.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
