Partners professional fees.
sanjay kumar (Advocate) (179 Points)
26 January 2022sanjay kumar (Advocate) (179 Points)
26 January 2022
CA Sanchi Saraf, Nagpur(India)
(Chartered Accountant)
(48 Points)
Replied 04 February 2022
Yes, partners can take consideration in exchange of providing their expertise to the firm. Such consideration would be considered as being provided to an expert and not to the partner.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961