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sec 40A(2)

This query is : Resolved 
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(Querist)
30 June 2010 wheather 'ADVANCE' given to diredtors and their relativescomes under the provision of the above section(i.e. does it need to be disclosed in tax audit report)



please help

with regards

raaj
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 June 2010 No advance is not covered

Section 40A(2) covers any expenses and not any loan or advance.

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