Disallowance in income tax

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..... if an individual makes some capital purchases and expenditure thru its sister concern which is also individual is there any disallowance in income tax ( both are subject to tax audit) the amounts are .....

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..... credited and debited to the sister concerns account and shown as balance receivable/ payable - Reply By Ravi Chopra - The Reply = In case of purchase through sister concern, you need to read the pro .....

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..... visions of Section 40A(1) thoroughly. Otherwise, if the transaction is on one to one basis and at arm's length, it appears there is no difficulty. But in certain situations you may be required to di .....

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..... sclosed the facts in the forms or statements, as and when required to desired. - Disallowance in income tax - Query Started By: - madhavvan Dated:- 28-4-2009 Income Tax - Got 1 Reply - Income Tax - .....

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..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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