Quarry regarding partners remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2013
Dear sir
please help me on the simple topic of distributing the remuneration to the partner. I just know that there is change in the slabs for calculating the allowable remuneration but the problem is that i don't know how to provide the remuneration.
please help me september is going on.....
please help me on the simple topic of distributing the remuneration to the partner. I just know that there is change in the slabs for calculating the allowable remuneration but the problem is that i don't know how to provide the remuneration.
please help me september is going on.....
17 September 2013
Check the partnership agreement. Such agreement will give you answer about profit and remuneration details.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 September 2013
Dear sir,
but i want the allowable remuneration under income tax act applicable for A Y 2013-14
but i want the allowable remuneration under income tax act applicable for A Y 2013-14
19 September 2013
If there is no provision for giving remuneration to the partners then you cannot give it to them. In that case they are entitled to share the profit only. In the partnership Deed itself it is mentioned which partner will get and how much can be distributed as remuneration or salary to the partners.
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