Amount not deductible under section 40A (2)

Any expenditure incurred by an assessee in respect of which payment has been made to the specified persons is liable to be disallowed in computing business profit to the extent such expenditure is considered to be excessive or unreasonable, having regard to the fair market value of goods or services or facilities, etc.
As per section 2(41), the term relative in relation to an individual means husband, wife, brother or sister or any lineal ascendant or descendant of that individual.

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