Remuneration and interest allowable in partner ship firm

Mohit Garg (Manager) (31 Points)

24 June 2016  

As per my knowledge there is some change in Rule of Partnership firms for giving Remuneration & Interest to Partners. I heard that now the Remuneration & Interest both are disallowed.

Is it Correct for all the Partnership Firms or Non Auditable Partnership Firms or for Whom ?