I HAVE QUERY REGARDING SECTION 40A 2 (b) IN 3CD. IF A PERSON SALE OR PURCHASE TO HIS RELATIVE THEN IS IT NECCESSARY TO SHOW SALE OR PURCHASE FIGURE IN 3CD ?
17 June 2010
As the provision deals with expenditure where payment is to be made, only purchases made during the year from relative is to be disclosed.
17 June 2010
CAN WE SAY THAT PURCHASE IS A EXPANDITURE BECAUSE I DONT THINK THAT PURCHASE IS EXPENADITUE AS PROVISION OF TDS IS NOT APPLICABLE ON PURCHASE.
17 June 2010
AGREED WITH EXPERTS. PURCHASE IS ALSO EXPENDITURE EVENIF TDS IS NOT ATTRACTED ON IT. THERE ARE MANY EXPENSE ON WHICH TDS IS NOT APPLICBALE, ALL OF THESE EXPENDITURE.
CAclubindia
