Partner's salary / commission.
This query is : Resolved
18 June 2015
Can a partner withdraw salary from Partnership firm ? Can he also avail commission from the same firm..?
18 June 2015
Generally he/she can, but subject to the terms of the clauses in the 'instrument of partnership'.
18 June 2015
https://taxguru.in/income-tax/interest-and-remuneration-to-partners-us-40b-of-income-tax-act-1961.html
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