When a partner common in two firm with 20%psr

hdshardik (Querist) 19 October 2014 This query is : Resolved
when a partner having interest @20% in the two different firms and thes two firms are under audited and they are doing purchase sale transaction to each otherive party . is it cover under relative party transaction ?

Follow Query

Report Abuse

Devajyoti Barman (Expert) 20 October 2014
regular professional query...

hdshardik (Querist) 20 October 2014
pl give your suggestion

Rajendra K Goyal (Expert) 20 October 2014
ACADEMIC QUERY.

T. Kalaiselvan, Advocate (Expert) 21 October 2014
No reply to academic queries is the stand taken by experts.

malipeddi jaggarao (Expert) 25 October 2014
Purely academic query.

V R SHROFF (Expert) 25 October 2014
ACADEMIC QUERY BY STUDENT//////////

Anirudh (Expert) 25 October 2014
YES, provided the aggregate of the transactions entered into exceeds a sum of Rs. 5 crores in a financial year.

Please refer Section 92BA (i), read with Section 40A(2)(b)(vi)(B) with explanation (b) thereunder.

Having given my views, I must also add that from this LCI Forum, you will get prompt advice to GET IN TOUCH WITH A TAX CONSULTANT/TAX EXPERT. (Please do so, and do not believe my views, even if it is technically and legally correct.)

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries