Partnership
This query is : Resolved
lokesh kumar
(Querist)
24 November 2014
iam a accountant at ahmedabad . one of my clint start new business with partnership frim my question is following
1- how much rs stamp required for deed in ahmedabad
2- whether it compulusary that salary &remunation mention in deed .if not mention in deed then what happned
3- procedure &cost to get vat&cst no .in ahmedabad,gujarat
plz guide me
thanks
1- how much rs stamp required for deed in ahmedabad
2- whether it compulusary that salary &remunation mention in deed .if not mention in deed then what happned
3- procedure &cost to get vat&cst no .in ahmedabad,gujarat
plz guide me
thanks
24 November 2014
2. salary and remumenration if not provided then in income tax assessment for allowing dedcution to firm for same ao will refer to income tax provision and similar payments made in same situation in ur area.
lokesh kumar
(Querist)
26 November 2014
tushar iam nt get proprly what u say .if i not mention remunation in deed . then remunation allwoed or not as a exp in firm books
26 November 2014
it will be allowed subject to income tax provisions applicable to partnership firm in case of non mentioning in deed.
Rupesh Jain
(Expert)
26 November 2014
remuneration and intt will be menton in the partner ship deed otherwise this is not allowed under the income tax act and should be as per income tax limit mention under section 40()b)
lokesh kumar
(Querist)
30 November 2014
thnaks rupesh &tushar ji .how added remunaction clause in deed plz guide
01 December 2014
you can make a supplementary deed and mention in it
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