Remuneration to parten u/s 40b

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Mubarak R momin (Querist)
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10 September 2017 After disallowance of deduction of partner remuneration for sec 44ad will it be taxable in the hands of partner as an individual entity for ay 17-18

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RAJA P M

RAJA P M (Expert)
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10 September 2017 After disallowance or allowance....?

Mubarak R momin

Mubarak R momin (Querist)
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10 September 2017 after disallowance

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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11 September 2017 Remuneration is always taxable in hands of partners.

RAJA P M

RAJA P M (Expert)
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11 September 2017 (after disallowance) I can't understand this one bcoz, U/s 44AD remuneration allowed before 8%. Then what you mean DISALLOWANCE....?

Mubarak R momin

Mubarak R momin (Querist)
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11 September 2017 from fin act 2016 remuneration and interest are not deductible from the profit @8% so what to do in hands of partner

RAJA P M

RAJA P M (Expert)
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11 September 2017 Yes. You are exactly come to the point... Your all deductions including remuneration and Interest deducted then after the profit is 8%. It's available u/s 44AD... If you ll be deduct the remuneration and Interest after 8% of the profit then it's not available u/s 44AD. You can go to 44AB as Audit.... Before deductible the remuneration & Interest it's taxable in partners hand... If not its deducted after 8% it's not taxable. Bcoz, It's also taxed....