Partner's remuneration
This query is : Resolved
16 October 2013
sir,
if remuneration is paid to non working partner then it is not allowed to firm... so my point is whether it will not be taxable in hand of partner as well.....
if remuneration is paid to non working partner then it is not allowed to firm... so my point is whether it will not be taxable in hand of partner as well.....
17 October 2013
Yes. since firm pays tax on the same it will not be taxable in the hands of partner.
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