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PARTNERS' REMUNERATION:

This query is : Resolved 
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(Querist)
16 June 2010 AS PER ONE OF THE CONDITIONS OF THE SECTION 40(b) THAT ANY REMUNERATION PAID TO PARTNER PRIOR TO THE PARTNERSHIP DEED CAN NOT BE ALLOWED AS DEDUCTION U/S 40(b).WHETHER THIS EXPENDITURE CAN BE CLAIMED U/S 35D AS PRELIMINARY EXPENDITURE ON FULFILLMENT OF CONDITIONS THEREOF?
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Anil Kumar Meena

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Anil Kumar Meena (Expert)
17 June 2010 We have a different law for both partnership and companies.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
17 June 2010 The remuneration prior to tha date of partnership deed same cannot be allowed as a deduction at all from business income
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