Is payment of salary to partner included within the ambit of section 40A(2)(b)? Does it is required to be disclose in Tax Audit Report?
1 Replies
Sudiesh
(Audit Assistant)
(527 Points)
Replied 19 September 2018
Yes salary will also fall under 40A(2)(b).
and it should be disclosed in Audit Report
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
