Deduction of rem to working partners
This query is : Resolved
TARIQUE RIZVI
(Querist)
08 March 2016
Rem to Working Partners is allowed as deduction as under which section ?
Rem to Working Partners is allowed as deduction as under which section ?
Ankur Singhal
(Expert)
08 March 2016
Dear
Under section 40 b(1) of income tax act rem to working partner is allowed.
Section 40b(5) specifies the formula for maximum allowable remuneration.
Under section 40 b(1) of income tax act rem to working partner is allowed.
Section 40b(5) specifies the formula for maximum allowable remuneration.
TARIQUE RIZVI
(Querist)
09 March 2016
tks & rgds thank you sir very much for your kind favour
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