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Presumptive profits of a partnership business

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(Querist)
29 December 2017 Dear Experts
whether a Partnership business can file Income Tax return under Presumptive basisfor AY 2017-18 where the dealer is a fruits merchant who's turn over is Rs 99 Laks for FY 2016-17 and in that case wehether they can cliam deduction of remuneration to working Partners
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 December 2017 1. Partnership firm can opt for presumptive taxation.

2. Remuneration cannot be claimed if presumptive taxation is opted.
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RAJA P M

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RAJA P M (Expert)
29 December 2017 Yes... I agreed to Mr. B. Chackrapani Warrier Sir.,

If you opt u/s 44AD presumptive Scheme then the Partners can't avail the "Remuneration & Interest" in FY 2016-17...
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