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Paymnet to relative

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 October 2014 WHETHER PAYMNET TO UNCLE FOR PURCHASE NEEDS TO BE DISCLOSED IN TAX AUDIT REPORT?

03 October 2014 Yes needs to be shown in tax audit report u/s 40A(2)(b)

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2014 IN MY OPINION NO
IT IS COVERED UNDER DEFINATION OF REL;ATIVE GIVEN IN SECTION 56
UNDER SECTION 40A THE DEFINATION OF RELATIVE SHOULD BE AS DEFINED IN SECTION 2 (41)


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