Sec. 40a(2)(b) of income tax

Yes, definately this relation is  be covered under Sec 40(a)(2)(b)

Under which subclause?

Relative’ is defined to include ‘Substantial Interest

Substantial Interest’ is defined as a situation wherein a person is the beneficial owner of at least 20% or more Equity Voting Power (in case of Company) or is entitled to 20% or more of the profits. (in any other case)


 

Yea, But only subsidiary company is covered by these words.. Pls clarify how holding company is covered.