29 August 2012
In the Case of HUF, is salary drawn by karta is allowable u/s 44AD as salary drawn by partners from partnership firm i.e. in calculation of deemed income of 8% salary of karta would be included into net profit...
30 August 2012
thnx for your reply but i want to know that,is genuine salary of kata would be added back into net profit for calculation of deemed profit of 8% (as such in case of partnership firm salary of partners included into net profit for the calculation of deemed profit)....
CAclubindia
