Calculation of remuneration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2014
Whether bad debts is allowed as business expense while calculating book profit for calculation of remuneration to partners u/s 40(b)? or it is disallowed as abnormal expense. Bad debts are satisfying the requirements u/s 36.
13 August 2014
if they satisfy the condition then no required to add back for remuneration and intt on capital.
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