is it necessary for tax auditor to obtain certificate from assessee for payments made to relative
1 Replies
Kalpesh Soni
(Student)
(48 Points)
Replied 29 May 2013
There is no such need. He can obtain payment details from assessee's ledger. He just need to verify from assessee that which parties are his/her/its relative/related parties/sister concerns, covered u/s 40A (2)(b).
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
