Related party in partnership firm
This query is : Resolved
12 November 2014
In Audit report in point 23 it is asked Particulars of payments made to persons specified under section 40A(2)(b).
Respected Sir/madam,
I want to know in partnership firm did partner is included in related party or not and if yes does it will come in this point or not.
Thanking you
Respected Sir/madam,
I want to know in partnership firm did partner is included in related party or not and if yes does it will come in this point or not.
Thanking you
21 November 2014
Section 40A(2)(b) clearly provides that in case of a partnership firm the partner is a specified person for the purpose of this section.
Accordingly payments to partner/s by partnership firm have to be reported in Form 3CD
Accordingly payments to partner/s by partnership firm have to be reported in Form 3CD
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Confusion around Form 26QB fields
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Intimation wrongly states taxpayer has offerred u/s. 44ad & states probable resolutiton to do audit
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
