Partners remunaration
This query is : Resolved
01 June 2017
Dear Experts.,
Partners salary, remuneration, interest allowing provision has been removed from the AY 2017-18 u/s 44AD...!!!
My Doubts are...,
Can I file ITR FY 2016-17 for Partnership firm and provide Remunaration...
If Books of accounts 'Maintained' and Without Tax Audit...?
Thanks & Regards
P.M.Raja
Partners salary, remuneration, interest allowing provision has been removed from the AY 2017-18 u/s 44AD...!!!
My Doubts are...,
Can I file ITR FY 2016-17 for Partnership firm and provide Remunaration...
If Books of accounts 'Maintained' and Without Tax Audit...?
Thanks & Regards
P.M.Raja
01 June 2017
Tax Audit is not applicable if your Turnover does not exceed RS 1 Cr.
You can provide for remuneration and interest as per section 40 b.
01 June 2017
My client's Turnover exceed Rs.1cr (1.62Cr)...
But, the Tax audit Limit raised from 1Cr to 2Cr for AY 2017-18. So, What can I do...?
But, the Tax audit Limit raised from 1Cr to 2Cr for AY 2017-18. So, What can I do...?
02 June 2017
Tax audit Limit is raised to 2 Cr only if you opt for sec 44 AD.
otherwise the limit remains 1 cr.
02 June 2017
Dear Sir.,
I have one more doubt in partnership ITR filing....!
Can I ask...?
I have one more doubt in partnership ITR filing....!
Can I ask...?
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