sec 40A(2)
This query is : Resolved
30 June 2010
wheather 'ADVANCE' given to diredtors and their relativescomes under the provision of the above section(i.e. does it need to be disclosed in tax audit report)
please help
with regards
raaj
please help
with regards
raaj
Aditya Maheshwari
(Expert)
30 June 2010
No advance is not covered
Section 40A(2) covers any expenses and not any loan or advance.
Section 40A(2) covers any expenses and not any loan or advance.
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