Section 40a(2)(b)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2016
Sir,
In ITR-5 balance sheet of unsecured loans consists "from persons specified in section 40A(2)(B) of IT Act" and in 3CD column no.23 consists "particulars of payments made to persons specified under section 40A(2)(B)".
what is the difference between these items.
if we enter the details in balance sheet can we entered the same details in 3CD.
Thank in advance plz reply ASAP
In ITR-5 balance sheet of unsecured loans consists "from persons specified in section 40A(2)(B) of IT Act" and in 3CD column no.23 consists "particulars of payments made to persons specified under section 40A(2)(B)".
what is the difference between these items.
if we enter the details in balance sheet can we entered the same details in 3CD.
Thank in advance plz reply ASAP
Amol S Joglekar
(Expert)
28 September 2016
yes, the details are to be entered in the format given in the form 3 CD.....no matter if they are same....
(In fact there many other details which are same in form 3 CD and the balance sheet or the financials.....e.g. name of assessee, PAN, address, financial year etc.)
(In fact there many other details which are same in form 3 CD and the balance sheet or the financials.....e.g. name of assessee, PAN, address, financial year etc.)
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- GST ITC as per notification 12/2023- central tax
- LLP audit and disclosure
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- Gift to nri relatives resides in usa
- GSTR9 Annual Return
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- 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
- How to pay remaining amount of TDS after due date?
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
