can a cs-final pass person not cs degree holder person counted as professional for the purpose of 40A(2)(b)
means the salery paid to relative who is cs final pass not cs degree holder.
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 24 May 2010
As per Section 40A(2) any payment made to relative in excess of reasonale amount is disallowed. This reasonable amount is generally decided by the Assessing Officer. So if your salary is in excess of normal amount then only it can be disallowed.
Live class on PF & ESI Enrollment & Returns Filing(with recording)