Calculation of interest in partnership firm
Bhargav Nirmal (107 Points)
09 April 2020Bhargav Nirmal (107 Points)
09 April 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 09 April 2020
remuneration can be paid as per partnership deed
BUT
deduction of remuneration to partners = allowable remuneration for the computation of Income from PGBP is on the basis of BOOK PROFITS Sec 40(b)
Bhargav Nirmal
(107 Points)
Replied 09 April 2020
Mandakulathur Ananthanarayanan
(186 Points)
Replied 09 April 2020
Bhargav Nirmal
(107 Points)
Replied 09 April 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 09 April 2020
Yes agreed !! @ Bhargav Nirmal
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