Section 40(a) (2)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2012
Is HUF is relative to Individual as per section 40(A) (2).
Please reply as we are preparing tax audit report.
An individual (Sole prop firm) has taken loan from Prop HUF. whether such transaction to be included in point (u/s 40(A)(2)) payment to relatives.
Please reply as we are preparing tax audit report.
An individual (Sole prop firm) has taken loan from Prop HUF. whether such transaction to be included in point (u/s 40(A)(2)) payment to relatives.
19 September 2012
yes
it is to be included
it is to be included
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