clause 18 of form 3cd

This query is : Resolved 

10 September 2009 IN SPECIFIED PERSONS RELATIVES OF DIRECTORS ARE ALSO INCLUDED.IF YES SUBSTANTIAL INTEREST OF THE RELATIVES IS ALSO REQUIRED?

10 September 2009 Yes. Interest of the specified persons are not required in 3cd , we have to just disclose nature of payment.

10 September 2009 Yes, relative of a director of a company/firm/AOP/HUF having substantial interest in the business of the assessee is also a specified person.

Substantial interest rule only applies to the company/firm/AOP/HUF and not to the director/member/partner/relative of them.


10 September 2009 Agree



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