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Tax Audit u/s 44AB

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10 November 2008 Respected Sir,
I want to know that 'if there are two real brother,who is a proprietor of two different proprietorship firm, so whether it is possible for him to do any transactions between these two separate legally entity firm (ie sale,purchase,loan taken or given)e.t.c without any disclosure under Tax audit report 44AB,Form 3CD e.t.c

10 November 2008 Reporting under relevant clauses have to be done for section 40A(2)(b) and sec 269SS & 269T

11 November 2008 I agree with the above
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11 November 2008 thanks sir


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