partnership firm
This query is : Resolved
24 March 2009
remuneration/salary etc. paid to partners by the partnership firm is allowable expenditure upto certain limit.
is the condition that the firm should be a registered partnerhsip firm compulsory to get benefit of this.
is the condition that the firm should be a registered partnerhsip firm compulsory to get benefit of this.
25 March 2009
REGN OF FIRM IS NOT A MANDATORY CONDITION FOR ALLOWANCE OF SUCH EXPENDITURE.
IMPORTANTLY YOUR PARTNERSHIP DEED SHOULD PROVIDE FOR IT
IMPORTANTLY YOUR PARTNERSHIP DEED SHOULD PROVIDE FOR IT
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