Tax Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2010
In tax audit one Annexure disclosing Particulars of payments made to persons specified under section 40A(2)(b). My query is whether to disclose gross amount including service tax or only net amount which has been debited to Expense account, as logic behind disclosure is to disallow unreasonable payments
05 August 2010
Actual amount of payment made to related party is required to be disclosed u/s 40A(2)(b).
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2010
actual payments means actual payments or credit in that vendor account
06 August 2010
Actual Payment.
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