Partner's salary / commission.

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SANDEEP KUMAR (Querist)
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18 June 2015 Can a partner withdraw salary from Partnership firm ? Can he also avail commission from the same firm..?

Bhaskaran Chackrapani Warrier (Expert)
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18 June 2015 Generally he/she can, but subject to the terms of the clauses in the 'instrument of partnership'.

Arpit Shah (Expert)
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18 June 2015 http://taxguru.in/income-tax/interest-and-remuneration-to-partners-us-40b-of-income-tax-act-1961.html

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