24 November 2014
2. salary and remumenration if not provided then in income tax assessment for allowing dedcution to firm for same ao will refer to income tax provision and similar payments made in same situation in ur area.
26 November 2014
remuneration and intt will be menton in the partner ship deed otherwise this is not allowed under the income tax act and should be as per income tax limit mention under section 40()b)
CAclubindia
