Is limit of 1lakh of holding in securities for each relative or securities held by all relatives will be considered??

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Is limit of 1lakh of holding in securities for each relative or securities held by all relatives will be considered??

Questions › Category: Co. Audit - I › Is limit of 1lakh of holding in securities for each relative or securities held by all relatives will be considered??

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Sarvesh Koushik asked 6 years ago

Question Tags: 141(3)

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Ravi Staff answered 6 years ago

all relatives taken together should not cross FV of Rs 1,00,000