Remuneration to huf in firm
This query is : Resolved
20 September 2013
HUF is Partner in Firm.
Whether Firm Can Claim Deduction in respect to remuneration paid to HUF?????
Thanks in Advance
Whether Firm Can Claim Deduction in respect to remuneration paid to HUF?????
Thanks in Advance
20 September 2013
Remuneration is the compensation paid for the efforts put in by an "Individual". As an HUF is not an individual but a family of individuals, no remuneration can be paid to HUF even if it is a partner in the firm.
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