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Deduction of rem to working partners

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(Querist)
08 March 2016
Rem to Working Partners is allowed as deduction as under which section ?
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Ankur Singhal

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Ankur Singhal (Expert)
08 March 2016 Dear
Under section 40 b(1) of income tax act rem to working partner is allowed.
Section 40b(5) specifies the formula for maximum allowable remuneration.
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TARIQUE RIZVI

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TARIQUE RIZVI (Querist)
09 March 2016 tks & rgds thank you sir very much for your kind favour
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