Partner salary include?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2011
payment made to a partner as professional income as a result of his qualification whether it should be included in partner salary?
06 August 2011
no it will not be cosidered as partners salary
07 August 2011
yes. need to be added as partner salary,since the there is no relationship of employer and employee relationship in this case cant be treated as Normal salary
07 August 2011
I agree with Gaurav
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2011
thank you sir
08 August 2011
It has to be added in partner's salary.
Partners are paid salary not for the capital they bring but for the work they do.
Otherwise what will happen in a professional firm like CA Firm.
Partners are paid salary not for the capital they bring but for the work they do.
Otherwise what will happen in a professional firm like CA Firm.
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