Related party as per Sec. 40A(2)(b) of Income Tax Act, 1961

Last updated: 08 November 2022

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This document provides a clear, pictorial presentation of who is considered a 'related party' under Section 40A(2)(b) of the Income Tax Act, 1961, specifically for company assessees. It visually breaks down the relationships that trigger this section, including directors, relatives, individuals with substantial interest, and associated companies. This is a useful resource for understanding potential disallowances on expenditure related to these parties and is ideal for tax professionals, accountants, and business owners navigating Indian tax law.

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Pictoral understanding of provisions Related party as per Sec. 40A(2)(b) of Income Tax Act, 1961 for Company Assessee #pdf

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Submitted by Hitesh Khandhadia · Posted 08 November 2022 · Other files by Hitesh Khandhadia · Report

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