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Payment made to person specified u/s 40a(2)b

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(Querist)
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.
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S. Harsha

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S. Harsha (Expert)
22 September 2016 In tax audit report we should report the total transaction value. i.e in your case Rs 12,00,000/-.
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