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Partners remuneration and interest

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(Querist)
30 August 2019
is partner remuneration in excess of the limit as per sec 40b will be taxable in hands of partner.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 August 2019 No. Please see proviso to section 28(v).
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Amol S Joglekar

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Amol S Joglekar (Expert)
30 August 2019 whatever is allowed is taxed and any thing above that




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