Deduction u/s 40(b)
This query is : Resolved
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 ?
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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