Partner's salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2014
Pls. let me know where can I put the figure of Partner's Salary of a Partnership Firm in ITR 5.
11 February 2014
If partner's salary debited in P & l account is correct as per section 40(b), no separate disclosure is required. Otherwise, disallowable amount should be shown in Part A-OI clause 8 A(d) and in schedule BP clause 16.
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