interest & remuneration on partners
This query is : Resolved
07 January 2017
sir,
we have a partnership business. previous year I filed it return in a small business income after deducting remuneration & interest on capital. this year profit is so small. can I file income with out deduct remuneration & interest on capital ?
07 January 2017
Yes, it is not necessary you have to make provisions for remuneration and interest.
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