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Partner remuneration

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2014 firm has provided remuneration to working partner @20000 each active partner in partnership deed . Now this F.Y. they do not want to provide remuneration in financial statement .
is deed require to change for remuneration clause ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
09 October 2014 there is no need to change. not providing for remuneration wont make any difference to anyone.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 October 2014 pl support with any sanction or guideline
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 October 2014 there is never any restriction on not charging an expense...
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