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Income tax

This query is : Resolved 
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(Querist)
23 January 2014 Dear Sir,

My query is whether partners remuneration from agriculture firm is taxable or not
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 January 2014 well may be yes!!! see it is necessary that in such structure, instead of giving salary, allow partners to make drawings from current account and adjust it at the year end against their share of profits..dont show it as remuneration.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 February 2014 Share of profit is exempted but not the remuneration part.
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