Partner's remunration

This query is : Resolved 

26 November 2013 dear all
for the purposes of deduction of partner's remuneration from firm's income: -

is it necessary to write detail of partner's remuneration in deed

or

we can write remuneration will be paid as per section 40(b) of income tax

26 November 2013 Yes you can draft deed as that remuneration will be paid according sec 40(b) of income tax


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