Menu
Interest and Remuneration
partners interest and remuneration is allows in income tax or not for the year 2017-18 in ITR 5
Replies (1)
Remuneration To partners under section 40(b) As per Section 40(b) of income tax act any interest,salary, bonus, commission or remuneration paid topartners by the partnership firm are allowed to be deducted as an expenses subject to such conditions mentioned in the income tax act.
Recent Threads
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
Related Threads
CAclubindia
