Remunearion to partner urgent
This query is : Resolved
29 January 2014
is REMUNERATION PAID TO PARTNER WHO IS HUF ALLOWABLE U/S 40(b) or not. please answer with justification
29 January 2014
The salary income earned by partner is to be related to labour and employment. By its very nature, salary is paid for certain services rendered and can be earned by individual and not by HUF.
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