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Related party transaction 40a(2)(b)

This query is : Resolved 
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(Querist)
11 September 2019 One LLP is major partner in partnership firm.

Payments of interest on loan were made to designated partners of such LLP.

designated partners of LLP are relative and cumulative shareholding of all partners in LLP is 100%

Whether payment done by partnership firm to partners of such LLP (Partner in partnership firm) will cover under section 40A(2)(b) ?
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
04 June 2020 https://www.charteredclub.com/section-40a2/
https://taxguru.in/tag/Section-40A(2)(b)/
https://indiankanoon.org/doc/345925/
https://cleartax.in/s/payment-made-to-specified-persons-relatives-under-section-40a2
Profile Image

Aashok Kumar Sharma

Profile Image

Aashok Kumar Sharma (Expert)
04 June 2020 https://www.charteredclub.com/section-40a2/
https://taxguru.in/tag/Section-40A(2)(b)/
https://indiankanoon.org/doc/345925/
https://cleartax.in/s/payment-made-to-specified-persons-relatives-under-section-40a2
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