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Salary of Partner

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(Querist)
22 January 2009 A company is a partner in a firm. Director of a company is being paid salary from the firm.
Query:
Whether provision as regards salary u/s 40(b) is applicable to salary paid as mentioned above.
Pl guide
CA Anand U Patankar
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Mukund

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Mukund (Expert)
22 January 2009 How company is partner in Regd firm
if an Individual is partner then Salary U/s 40ab is applicable
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
22 January 2009 YES APPLICABLE



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CHEZHIYAN

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CHEZHIYAN (Expert)
23 January 2009 If a Company is Partner how Director can get Salary
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CHEZHIYAN

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CHEZHIYAN (Expert)
23 January 2009 If Salary is Paid to Company the term cannot be salary

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