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Partners remuneration

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(Querist)
10 August 2012 can partners remuneration be claimed when filing under 44AE
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CA Rahul Gupta

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CA Rahul Gupta (Expert)
10 August 2012 where the assessee is a firm, the salary and interest paid to its partners shall be deducted from the income computed under sub-section (1) subject to the conditions and limits specified in clause (b) of section 40.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
10 August 2012 After computing income on presumptive basis, partner's remuneration is allowed as deduction from such income.
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