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Deduction u/s 40(b)

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(Querist)
07 October 2011 whether for claimimg deduction u/s 40(b) of Income Tax Act i.e. Remuneration to Partners, the Partnership Deed needs to be registered or Not ?
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CA PRAVIN

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CA PRAVIN (Expert)
07 October 2011 Registration of Deed is not mandatory for payment of remuneration but limit u/s 40(b) should be followed

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