Partners remuneration

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Student
42 Points Joined May 2013
Can remuneration given to partner in a firm be taken as remuneration received in the partners individual income tax return when the firm is offering its income at 8% of gross receipts ?
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On 31 December 2018 at 12:48 Report
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Coaching and Practice in Tax Audit Law
4429 Points Joined June 2018

Yes, it will be taxable in hands of individual partners

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On 31 December 2018 at 13:06


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