Professional fess paid to partners
This query is : Resolved
17 September 2009
Whether professional fees paid to partners is to be considered as remuneration while calculating the limits of remuneration payable to partners
17 September 2009
Yes remuneration recd from PF is taxable under head business & profession. however for tax audit turnover over 40 lacs then liable for audit
17 September 2009
Agree with expert.
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