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44ad partners remuneration
Whether Remuneration recd by partner from partnership firm, eligible u/s 44AD
Replies (2)
Prior to AY 2017-18 ( FY 2016-17) partner's remuneration is allowed as deduction under the income tax act though assessment is made under 44ad.
From AY 2017-18 (FY 2016-17) no such payment is allowed as deduction after the profit is determined on presumptive basis
can partner file his return using remuneration recd from partnership firm on presumptive income basis
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