Tax Audit
This query is : Resolved
CA.GAURAV SACHWANI
(Querist)
03 October 2009
What actually sec 40a(2) talks about explain in detail
chetan soni
(Expert)
05 October 2009
this section covers the expenses or payments done to relatives and dr. to profit & loss account during the year
For eg. :
1. Partnership firm dr. some expenses or payments made to partners/relatives of partners. Then this needs to be mentioned in tax audit report u/s 40a(2b).
2. Expenses dr. to profit & loss account of company as salary to director or to a party of director is relative.
There are many more example for explaining the term relative.
For eg. :
1. Partnership firm dr. some expenses or payments made to partners/relatives of partners. Then this needs to be mentioned in tax audit report u/s 40a(2b).
2. Expenses dr. to profit & loss account of company as salary to director or to a party of director is relative.
There are many more example for explaining the term relative.
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