Sec- 40A(2)(b)
This query is : Resolved
Dhaval Trivedi
(Querist)
02 July 2009
Payment made to relatives.
If payment is made with service tax and credit of service tax is taken, then whether total payment(including service tax)is to be shown under tax audit or net payment(excluding S.tax)?
e.g. if payment is Rs. 112.36(100 exp.+12.36 service tax).
so What amount be shown U/S Sec- 40A(2)(b).
i.e Rs.100 or Rs.112.36
If payment is made with service tax and credit of service tax is taken, then whether total payment(including service tax)is to be shown under tax audit or net payment(excluding S.tax)?
e.g. if payment is Rs. 112.36(100 exp.+12.36 service tax).
so What amount be shown U/S Sec- 40A(2)(b).
i.e Rs.100 or Rs.112.36
Ratan Sharma
(Expert)
02 July 2009
Hi,
Total payment i.e. Rs. 112.36 have to be shown in tax audit report.
Total payment i.e. Rs. 112.36 have to be shown in tax audit report.
02 July 2009
agree with Mr. Sharma
Dhaval Trivedi
(Querist)
06 July 2009
Thanks to both of u
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- MSME disclosure and disallowance
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
