Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Easy Office

LCI Learning

quary regarding 44AD

Haresh prajapati (student) (72 Points)

08 August 2019

under 44AD
remuneration payable to partner allowable deduction

Reply
Follow
Share

2 Replies

CA. Punith Harish (PRACTICING CHARTERED ACCOUNTANT) (445 Points)
Replied 08 August 2019

No, remuneration and interest payable or paid to partners are not allowed as deduction when you declare the income u/s 44AD.

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Kapadia Pravin (17254 Points)
Replied 08 August 2019

44AD is presumptive taxation . Remuneration and interest payment to partners are not allowed

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Live Budget News and Updates

Trending Online Classes

3 Days Certification Course on Tax Audit Under Income Tax Act 1961

CA Pratibha Goyal

Enroll Now

05 August 2024
Live class on PF & ESI Enrollment & Returns Filing(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

26 July 2024
Live Course on Practical GST Filing with Expert Legal Insights

Sachin Jain

Enroll Now

26 July 2023

view all classess

Let's Talk Money: You've Worked Hard for It, Now Make It Work for You

Click here for more bestsellers

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings