under which head i will show the partners remuneration (income from salarise/business or profession),if salaries head, can i split the HRA, Conveyance from remuneration? and claim it exemption?
29 September 2008
Remuneration should be accounted in the head Partner's Remuneration.
C No 739/25.03.96 Specfication in Partnershipdeed is must: Deduction will be allowed only if the partnership deed specifies the amount of remuneration payable to each individual partner or lays down the manner of quantum of such remuneration.
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