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Partnership deed

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 November 2014 respected sir,
for a partnership firm ,to claim renumaration and interest exemption from total income whether it is necessary to register partnership deed. please explain
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Amol S Joglekar

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Amol S Joglekar (Expert)
22 November 2014 Unregistered firm can also get the benefits of debiting remineration and interest to its profit and loss account PROVIDED the partnership deed contains the manner of payment of remuneration and interest
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