Section 40(a)(2)(b)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2013 When any payment made by partner on behalf of the firm in which he is a partner for any expense or payment to creditor and after that firm reimbursed that payment to partner who made payment on behalf firm. I want to know whether that payment made by firm to partner will come under section 40(a)(2)(b) and whether it will be shown in 3CD.

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2013 PLEASE GIVE ME ANSWER.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 July 2013 When the assessee makes a reimbursement to the related person it does not amount to payment to a related person hence need not be shown in Form 3CD.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 THANXXXX A LOT SIRRRRRRR

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