under 44AD
remuneration payable to partner allowable deduction
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.
Kapadia Pravin
(17264 Points)
Replied 08 August 2019
44AD is presumptive taxation . Remuneration and interest payment to partners are not allowed
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