MSME Certified Income Tax Live Batch to commence from 25th January 2022. Limited Seats. Register Now!!


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Partnership firm partner salary and interest

This query is : Resolved 

01 December 2021 Dear Sir,
Whether a partnership opting 44AD, can deduct partner salary and interest from net profit calculated @ 8% or firm has to pay tax on net 8%

01 December 2021 You have to pay tax at net 8% and you are not allowed for any other deduction under 44AD , No interest and Salary is allowed .

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries