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Partnership deed

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2014 Can husband and wife be partners in same firm and remuneration be paid to them?

How will be the tax impact in the angle of Income Tax provisions?
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Sandeep Dharar

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Sandeep Dharar (Expert)
10 March 2014 Ya then can b partners in the same firm, and they can also hv right to receive remuneration but according to the agreement.

Salary will b treated as income from firm 4 the partners, & will b taxable under Business & Profession...
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