HELLO
in 3cd report we got to report the payments made to related party .the related party mean those who have substantial interest in the company/firm. so whats the scope of substantial interest. what is the yard stick to decide whether a person have substantial interest or not
according to 40A(2)of ITAct if person is having 20% or more in profit sharing in a firm
incase company 20% e.shares .
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