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Relative for the purpose of section 40A(2)(b), Income Tax

Issue Id: - 106029
Dated: 28-8-2013
By:- PRAJAPATI JAGADISH

Relative for the purpose of section 40A(2)(b)


  • Contents

ipurchase goods from grandson of my grand father`s brother  than in that case  the grand son of assessee`s grand father`s brother is relative for the purpose of Section40A(2)(b) and the grandson of my grand father`s brother have substantial interest in a company and i made purchase from that company whether i covered under above provision of ralative payment 

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Page: 1


1 Dated: 29-8-2013
By:- CA GOPALJI AGRAWAL

Yes, it would be covered.


Page: 1

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