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Partner's remuneration taxable under the income from business

This query is : Resolved 

24 September 2024 As per books remuneration paid to partner is 669276,but allowable under 40(b) is 321592 rest of the amount is disallowed under the hand of firm.

While filing the income tax return of partner how we can show 669276 in return as taxable income is Rs 321592.How we can show the exempted portion of remuneration

24 September 2024 Show only Rs 321592 as taxable income and show balance amount under exempt income schedule stating the reason.



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