Easy Office
LCI Learning

Partners remunaration

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 June 2017 Dear Experts.,

Partners salary, remuneration, interest allowing provision has been removed from the AY 2017-18 u/s 44AD...!!!

My Doubts are...,

Can I file ITR FY 2016-17 for Partnership firm and provide Remunaration...
If Books of accounts 'Maintained' and Without Tax Audit...?

Thanks & Regards

P.M.Raja
Profile Image

Studentsca

Profile Image

Studentsca (Expert)
01 June 2017 Tax Audit is not applicable if your Turnover does not exceed RS 1 Cr. You can provide for remuneration and interest as per section 40 b.
Profile Image

RAJA P M

Profile Image

RAJA P M (Querist)
01 June 2017 My client's Turnover exceed Rs.1cr (1.62Cr)...
But, the Tax audit Limit raised from 1Cr to 2Cr for AY 2017-18. So, What can I do...?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Studentsca

Profile Image

Studentsca (Expert)
02 June 2017 Tax audit Limit is raised to 2 Cr only if you opt for sec 44 AD. otherwise the limit remains 1 cr.
Profile Image

RAJA P M

Profile Image

RAJA P M (Querist)
02 June 2017 Thank you Sir.,
It's really helpful
Profile Image

RAJA P M

Profile Image

RAJA P M (Querist)
02 June 2017 Dear Sir.,

I have one more doubt in partnership ITR filing....!
Can I ask...?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links