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Partners Remunerations set off against Business Income

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(Querist)
20 March 2010 Can Remuneration from a Partnership Firm set off against the Business Loss?
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
20 March 2010 yes,

Remuneration from a Partnership Firm is chargeable under PGBP so other business loss are set off against this.
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
20 March 2010 agreed
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
20 March 2010 Agreed..
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Kishore

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Kishore (Querist)
22 March 2010 Thanks for your valuable Reply

Regards
Kishore

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