Expenses allowable against remuneration & interest income

This query is : Resolved

Divyesh Pithava (Querist)
Follow

12 February 2016 Hello Friends

I want to know which expenses are allowed to be deduct from the remuneration and interest income received from partnership firm and also need to know upto which extent allowable?

Pls being helpful to me
Thank You

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

13 February 2016 1. No hard and fast rules, differs from case to case

2. eg:- I used to deduct ICAI membership fee, ICAI conference fee and cost of books from 'remuneration' which the department used to allow.