Deduction u/s 40(b)
This query is : Resolved
Dinesh Mertiya
(Querist)
23 July 2013
I want to file ITR for Ass. Year 203-14 u/s 44AD. My Status is Partnership Firm.
my Que is Salary and Interest to Partner is allowable as deduction form 8% declared profit or such provision has been withdrawn
my Que is Salary and Interest to Partner is allowable as deduction form 8% declared profit or such provision has been withdrawn
CA PARAS BAFNA
(Expert)
23 July 2013
Not yet withdrawn. Can be claimed from 8% of turnover.
Dinesh Mertiya
(Querist)
24 July 2013
Thank you
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