querry on sec 40A(2)(b)

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  1. vidhita

    vidhita New Member

    AA LLP is a partner of 50% in BB LLP. Incase of BB LLP, will all the partners of AA LLP be related as per sec 40A(2)(b). also if partners of AA LLP give loans to BB LLP, will they be considered as related parties u/sA(2)(b)
     
  2. partners of AA LLP shall be related to BB LLP as per section 40A(b)(iv), where a firm has a substantial interest in assessee then partners of the firm are related persons.
     
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