Remuneration to partners
This query is : Resolved
Jyoti Modi
(Querist)
31 August 2011
Does remuneration & interest on capital paid also come under Sec 40A(2)(b)i.e.,payment to relatives and specified person?
31 August 2011
yes, we also have to show it in 3CD report.
Message likes :
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31 August 2011
Remuneration and interest on capital is governed by section 40(b) and not under section 40A(2)(b) of the Income tax Act,1961.
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