Expenses allowable against remuneration & interest income
This query is : Resolved
12 February 2016
Hello Friends
I want to know which expenses are allowed to be deduct from the remuneration and interest income received from partnership firm and also need to know upto which extent allowable?
Pls being helpful to me
Thank You
I want to know which expenses are allowed to be deduct from the remuneration and interest income received from partnership firm and also need to know upto which extent allowable?
Pls being helpful to me
Thank You
13 February 2016
1. No hard and fast rules, differs from case to case
2. eg:- I used to deduct ICAI membership fee, ICAI conference fee and cost of books from 'remuneration' which the department used to allow.
2. eg:- I used to deduct ICAI membership fee, ICAI conference fee and cost of books from 'remuneration' which the department used to allow.
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