Remuneration to partners

Srikanth D (Occupied.) (168 Points)

29 May 2013

While calculating remuneration to Partners as per sec 40(b), can we add remuneration for the current year with arrears received?

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Mohammad Asif (chartered accountant) (191 Points)
Replied 31 May 2013

Section 40(b) do not talks about arrears it only lays down that the remuneration so paid should not exceed the limits u/s 40(b)

Srikanth D (Occupied.) (168 Points)
Replied 31 May 2013

Originally posted by : Mohammad Asif
	Section 40(b) do not talks about arrears it only lays down that the remuneration so paid should not exceed the limits u/s 40(b)

so remuneration paid can include arrears?

do we include arrears if in partnership deed, remuneration for a partner is fixed for month.

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