Please let me know is there any amendments for interest and remuneration under partnership act while computing net income under income tax act ?
This query is : Resolved
30 August 2016
I seek your advice under the above subject.
Regards
umesh Prasad
30 August 2016
The budget 2016 amendment is while calculating profit u/s 44AD no further deduction of salary and interest on capital allowed to partners.
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30 August 2016
Sir this amendment is applicable only where income is calculated u/s 44AD or where n case of account
30 August 2016
Dear 4423064 ,
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30 August 2016
sir this amendment is applicable only where income is calculated u/s 44AD or where books are maintained and net profit is worked out .
31 August 2016
This amendment is only for income calculated u/s 44AD.
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