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Partner's salary .

This query is : Resolved 
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(Querist)
10 March 2014 Dear Experts,

Can a Working Partner draw any amount of Salary..as per Deed ??

Thank You.
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Anand Dad

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Anand Dad (Expert)
10 March 2014 Nope.

Refer Sec. 40(b)
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Abhishek Kumar

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Abhishek Kumar (Querist)
10 March 2014 Sec 40(b) is applicable for the Firm to claim Max. permissible Deduction..is it applicable to Partner's..?
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Anand Dad

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Anand Dad (Expert)
10 March 2014 He will be drawing from the firm only no.........
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Abhishek Kumar

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Abhishek Kumar (Querist)
10 March 2014 sorry..i didn't get u..
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Anand Dad

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Anand Dad (Expert)
10 March 2014 Sec 40(b) is for deduction to firms...


correct
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Anand Dad

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Anand Dad (Expert)
10 March 2014 so if the firm cannot pay more than the ceiling, how can the partner receive it.
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Anand Dad

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Anand Dad (Expert)
10 March 2014 You just read the section with free mind in a fresh mood, you youerself will get it.....
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