Partner's remunration
This query is : Resolved
26 November 2013
dear all
for the purposes of deduction of partner's remuneration from firm's income: -
is it necessary to write detail of partner's remuneration in deed
or
we can write remuneration will be paid as per section 40(b) of income tax
for the purposes of deduction of partner's remuneration from firm's income: -
is it necessary to write detail of partner's remuneration in deed
or
we can write remuneration will be paid as per section 40(b) of income tax
26 November 2013
Yes you can draft deed as that remuneration will be paid according sec 40(b) of income tax
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