Partner's Salary Paid in Cash
This query is : Resolved
Raghunath T L
(Querist)
11 March 2010
Can any one please let me know whether partner's remuneration eligible as per IT Act and if paid in cash exceeding the limit prescribed under sec 40A(3) is disallowable or not?
Ram Avtar Singh
(Expert)
11 March 2010
No restriction on salary. you can paid it.
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