Easy Office
LCI Learning

PGBP

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 August 2010 if the assessee purchase goods from relative at a price less than market value require any treatment??
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
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.
Profile Image

CMA Arif Farooqui

Profile Image

CMA Arif Farooqui (Expert)
30 August 2010 no treatment required. it is required only when it is purchase at more than market value sec 40(A)(2).
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links