Partnership Firm Remuneration
This query is : Resolved
13 February 2023
Can a Professional as a partner in a Partnership Firm take extra amount other than Remuneration mentioned in Income Tax Act for working more than Others Partners. Please suggest as per Income Tax Act
13 February 2023
Yes, provided enacted in Partership deed.
The same shall be taxable under IT act.
The same shall be taxable under IT act.
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