Regarding Partner Remuneration
This query is : Resolved
04 November 2025
Can a Partner Claim any kind of expenses against Remuneration Received by him from the Firm?
04 November 2025
Yes, a partner can claim expenses against the remuneration received from the firm, but only if those expenses are wholly and exclusively incurred for earning the remuneration or income from the partnership firm. Such expenses must be business-related, not personal, and properly documented.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 44AD VS 44AB AUDIT
- Correction in TDS return New Traces Portal
- Query Regarding Refund Adjustment Against Outstanding Demand
- Computation of Dividend
- Itr processing delay
- TDS Return processing
- TDS on land property purchase Form-141 related query
- GST Rate on Bakery Items registered under composition scheme
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- Amount Received in Trust Account
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
