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Please Help: Related party transactions

Posted Date : 30-Apr-2012 , 07:40:13 pm | Posted By: Vikash Kumar Jha

Category : Income Tax | Answers : 0| Comments : 1| Hits: 491

Whether transaction between associates or fellow subsidiaries is said to be a related party transaction under section 40A(2)(b) of Income Tax Act

Comments
Posted By : Chetan 02-May-2012, 03:20:39
No. Associates and fellow subsidiaries are not related party as per section 40(2)(b) of IT Act.
 

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