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40A2

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(Querist)
26 May 2009 in case of a company not coming under tax audit is this section applicable remuneration,salary to directors expenses disallowed
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Manikanta Raju CA,CWA,(CS)

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Manikanta Raju CA,CWA,(CS) (Expert)
26 May 2009 yes 40A(2) applicable to all assessees
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taxindiaconnect

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taxindiaconnect (Expert)
26 May 2009 The section is applicable to all assessee irespective of the tax audit or not. In a tax audit, an auditor is obliged to report all the payments made to such person to assist the tax authorities in finding such payments at a glnace.
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