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Section 40a(2b)

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27 January 2016 There is sister concern which paid advance tax and t.d.s on behalf of its sister concern. Are these payment come under section 40a(2b)??
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
28 January 2016 Advance tax and TDS are not expenditure. Hence, not deductible. The firm makes payment on behalf of its other sister concern by debiting its a/c and show in the B/S as receivable from its sister concern.
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Vipin Dhiman

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Vipin Dhiman (Querist)
28 January 2016 thank u sir for this valuable information
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