Clause 18 of form 3cd(tax audit report)

Originally posted by : Yasin
	Plz let me know that whether remuneration paid to Directors//Partners, Interest on Capital paid to partners are required to be mentioned under clause 18 of 3cd. Thanks in advance...

Under clause 18, expenditure for which payment has been or is to be made to certain specified persons is to be reported.
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Remuneration paid to partner/director and Interest on Capital paid to partner should be stated since specified person covers Firm (Its partners and their relatives) and Company (Its directors and their relatives)
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Only particular of payments should be given and do not express any opinion of allowability or vice-versa.