Partners remuneration and interest
This query is : Resolved
Sumit Shukla
(Querist)
30 August 2019
is partner remuneration in excess of the limit as per sec 40b will be taxable in hands of partner.
is partner remuneration in excess of the limit as per sec 40b will be taxable in hands of partner.
30 August 2019
No. Please see proviso to section 28(v).
Amol S Joglekar
(Expert)
30 August 2019
whatever is allowed is taxed and any thing above that
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