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?

20 March 2010 yes,

Remuneration from a Partnership Firm is chargeable under PGBP so other business loss are set off against this.


20 March 2010 Agreed..

22 March 2010 Thanks for your valuable Reply

Regards
Kishore


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