DEAR ALL ,CAN U EXPLAIN SECTION 40(b) .
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section 40(b)
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PLS REFER ANY BOOK YAAAAAAAAAAAARRRR.................................
Sec-40(b): Business Disallowance-salary/nterest etc., paid by firm to partner. Following comes under this category:
1.Commission to Partner
2. Salary to Partner
3. Payment to Partner as technical consultants fee
4. payments between firms having common partners are not covered
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