Payments u/s 40A(2) of I.T.Act

CA Sanjay Baheti (PROPRIETOR) (1155 Points)

12 May 2010  

Whether in case of Partnership Firm the Payment made to one Partner & other Partner's wife towards lease rent & interest on unsecured loan from partner's wife respectively can be disclosed as required u/s 40A (2) of I.T. act for Tax Audit purposes under 3CD Form.

Please reply urgently.