Query in Sec 40(b)

Himanshu Gupta (Article Assistant) (39 Points)

10 March 2011  

1) If HUF of A is a partner in a firm, represented by Karta A, then whether remuneration can be paid to such director subject to limits specified under that section?

2) Whether Royalty paid to a prtner is subject to limits specified under section 40(b)?