Related party in partnership firm
This query is : Resolved
12 November 2014
In Audit report in point 23 it is asked Particulars of payments made to persons specified under section 40A(2)(b).
Respected Sir/madam,
I want to know in partnership firm did partner is included in related party or not and if yes does it will come in this point or not.
Thanking you
Respected Sir/madam,
I want to know in partnership firm did partner is included in related party or not and if yes does it will come in this point or not.
Thanking you
21 November 2014
Section 40A(2)(b) clearly provides that in case of a partnership firm the partner is a specified person for the purpose of this section.
Accordingly payments to partner/s by partnership firm have to be reported in Form 3CD
Accordingly payments to partner/s by partnership firm have to be reported in Form 3CD
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Copyright software
- Regarding TDS Applicability For Director Remuneration
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- 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
