PARTNRE SALARY &INTEREST ALLOWED U/S 44AD?
8% PROFT DECLEARED ON TOTAL SAELS .CLIAM FOR PARTNRE SALARY & INTEREST?
T.T.VIJAYAPRAKASH (properter) (253 Points)
09 May 2017PARTNRE SALARY &INTEREST ALLOWED U/S 44AD?
8% PROFT DECLEARED ON TOTAL SAELS .CLIAM FOR PARTNRE SALARY & INTEREST?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171418 Points)
Replied 09 May 2017
" PARTNER SALARY & INTEREST ALLOWED U/S 44AD?"
Not from AY 2017-18. Amendment as per finance act, 2016.
"8% PROFIT DECLEARED ON TOTAL SALES"
8% for cash TO & 6% for banking channel TO, but partner's salary & interest amount deemed to have been deducted!
No more such deductions as it was allowed in earlier years!!
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)