Partner`s remuneration as per section 40(b)
This query is : Resolved
09 September 2011
Is sales incentive paid to partner treated as part of remuneration as per section 40(b) or can this be paid in excess of allowable remuneration as per section 40(b)??
09 September 2011
Sales incentive partake the character of 'commission' and therefore included in section 40(b) of the Income tax Act,1961.
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