Partners remuneration
This query is : Resolved
10 August 2012
can partners remuneration be claimed when filing under 44AE
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.
10 August 2012
After computing income on presumptive basis, partner's remuneration is allowed as deduction from such income.
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