Interest and remuneration paid monthly
25 September 2020 Interest and remuneration paid monthly to partners allowed in I.t. act by a partnership firm.
26 September 2020 There is no restriction on monthly payouts under the IT Act. Please convey your like if the reply was helpful. Regards CA. Raj Doshi
26 September 2020 But it should be in accordance with the instrument of partnership subject to the limits of section 40(b) of the Income tax Act,1961.