Remuneration to partners
This query is : Resolved
23 December 2015
The firm did not conduct any business during the previous year as it rent out its office to a company. Please advise whether remuneration is allowable to the partners out of the income from hoise property.
23 December 2015
REMUNERATION ALLOWED EVEN ITS LOSS FOR UP TO Rs. 150000.00 FROM BUSINESS INCOME ONLY.
BUT FROM HOUSE PROPERTY NO REMUNERATION IS DEDUCTIBLE , SO IN UR CASE NO ALLOWABLE FROM HP INCOME.
BUT FROM HOUSE PROPERTY NO REMUNERATION IS DEDUCTIBLE , SO IN UR CASE NO ALLOWABLE FROM HP INCOME.
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