PGBP
This query is : Resolved
15 August 2010
if the assessee purchase goods from relative at a price less than market value require any treatment??
15 August 2010
No effect in your case as expense being claimed are less.
However the difference can be added as income in the hands of the other person.
However the difference can be added as income in the hands of the other person.
Message likes :
1 times
30 August 2010
no treatment required. it is required only when it is purchase at more than market value sec 40(A)(2).
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