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!!
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