Can sole proprietor pay 50% consultancy fees to other proprietor
This query is : Resolved
Ankit Oswal
(Querist)
21 June 2016
can a Sole proprietor give 50% of his consultancy fees to other person under agreement.
1.can he claim deduction of share give to such other person
2.if he is recommended to convert into partnership firm can he keep his proprietor firm name as it is.
Rupesh Jain
(Expert)
21 June 2016
why he make this type of agreement,. its not allowed till share receipts person not provided any service to earn income.
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