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
hi,
just go thru this given below link, it might clear your doubt over related parties.
https://www.taxguru.in/company-law/article-on-related-party-transactions-legal-provisions.html
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