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Salary to partner

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(Querist)
18 August 2014 Whether partner is eligible for salary even if there is loss to partnership firm
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Gaurav Gupta

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Gaurav Gupta (Querist)
18 August 2014 please reply its urgent
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 August 2014 Yes,if the partnership deed says so.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
18 August 2014 If there is a provision in partnership deed to pay the salary to partner.
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Gaurav Gupta

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Gaurav Gupta (Querist)
19 August 2014 but there is loss to firm. whether this salary paid will be allowed as per income tax for deduction.

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