Partners Remunerations set off against Business Income
This query is : Resolved
20 March 2010
Can Remuneration from a Partnership Firm set off against the Business Loss?
CA Ashok Kumar Sahu
(Expert)
20 March 2010
yes,
Remuneration from a Partnership Firm is chargeable under PGBP so other business loss are set off against this.
Remuneration from a Partnership Firm is chargeable under PGBP so other business loss are set off against this.
CA Gangadhar Mishra
(Expert)
20 March 2010
agreed
CA Ravi Sisodia
(Expert)
20 March 2010
Agreed..
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