Payments made to specified persons must be disclosed here. now my question is whether the payment made to related parties should be shown? or expenditure booked with respect to that party must be shown? Eg. I would have debited my P&L say 10 lakhs but actually during the year have paid only 7 lakhs.. then what is it I need to show in
form 3 CD in clause 23?
Thanks in advance.
Menu
Tax audit- Clause 23 u/s 40A(2) b
Replies (2)
Quick Summary
You have to show 10 lakhs in clause 23 of 3CD
Thank you sir.. but the clause says only the "payments" made to persons?
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
