Partners remuneration & interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2017
Dear Experts.
pls clarify :- whether partners salary & interest is allowed for AY 2017-18 or only interest is allowed?
Thanks & Regards
Subhi
pls clarify :- whether partners salary & interest is allowed for AY 2017-18 or only interest is allowed?
Thanks & Regards
Subhi
10 July 2017
Both partners salary & interest is allowed for AY 2017-18. It is not allowed under 44AD profit calculation.
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2017
sir does that mean partners salary & interest is Allowed only for Tax audit 44AB not for 44AD
10 July 2017
Read 44AD [provisions you will understand.
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