16 June 2010
AS PER ONE OF THE CONDITIONS OF THE SECTION 40(b) THAT ANY REMUNERATION PAID TO PARTNER PRIOR TO THE PARTNERSHIP DEED CAN NOT BE ALLOWED AS DEDUCTION U/S 40(b).WHETHER THIS EXPENDITURE CAN BE CLAIMED U/S 35D AS PRELIMINARY EXPENDITURE ON FULFILLMENT OF CONDITIONS THEREOF?
CAclubindia
