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Remuneration to partners

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(Querist)
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.
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
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.



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