17 May 2011
Sir Plz tell me who all are covered in the definition of related parties under sec. 40A(2)(b) of Income Tax Act , 1961.
In my case, entity is run by HUF....plz tell me who all are related to this HUF ? plz answer in yes/No in regard to following parties- 1. Firm in which member of HUF is partner ? 2. Firm in which partner of one of the HUF member is a partner ? 3. person who is a partner in another firm with one of the HUF member ?
18 May 2011
1. Firm in which member of HUF is partner ? Y 2. Firm in which partner of one of the HUF member is a partner ? Y 3. person who is a partner in another firm with one of the HUF member ?Y
all three queries are same, just change of version in words, no diff meaning arise in all 3
CAclubindia
