40(b)
This query is : Resolved
11 January 2014
will the a provisions of 44AB applicable to a partner if receives above Rs1 Cr as remunarations.
11 January 2014
it should madhu given that the remuneration (not share of profit) received by partner is accounted as business receipts.
Message likes :
1 times
13 January 2014
at the same time if partner receives less than Rs. 1 Cr as remuneration can he use 44AD(8% of T/O)
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