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Expenses from salary, etc received by partner of llp u/s 28

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(Querist)
08 September 2019 Which section of Income-tax allows deductible expenses from Salary, interest received by a partner of LLP u/s 28(v)? As it is considered as PGBP income, which all expenses can be claimed?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 September 2019 The partners salary and interest is taxable under the head PGBP in the hands of partners. in case u can prove any expenditure made to earn such salary and interest, it shall be allowed as expenditure u/s 37(1) in the hands of partners.
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