Partner salary include?

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2011 payment made to a partner as professional income as a result of his qualification whether it should be included in partner salary?

06 August 2011 no it will not be cosidered as partners salary

07 August 2011 yes. need to be added as partner salary,since the there is no relationship of employer and employee relationship in this case cant be treated as Normal salary


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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2011 thank you sir

08 August 2011 It has to be added in partner's salary.

Partners are paid salary not for the capital they bring but for the work they do.

Otherwise what will happen in a professional firm like CA Firm.


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