how to disclose related party transactions in AOC 4.
PROFIT & LOSS ITEMS
Transactions with related party
sale ₹10,00,000
purchase₹15,00,000
whether I have to disclose 25,00,000
or 5,00,000(Net of sale or purchase) as related party transactions.
BALANCE SHEET ITEMS
same case with the loan taken or repaid and loan given and recover?
whether to show outstanding balances or transactions during the year
how to disclose?
Menu
related party transactions
Replies (1)
In case of PNL items only debit side items need to be disclosed u/s 40(a)(2)(b) and in case of loans and advances both loans & advances taken and given is to be disclosed u/s 269ss & 269t
Recent Threads
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
Related Threads
CAclubindia
