Remuneration to a partner
This query is : Resolved
ashok bhurani
(Querist)
04 April 2016
Remuneration paid to working partner only is allowable as deduction while computing the total income of partnership firm. Is it compulsory to mention which partner will be working partner OR it is enough if partnership deed contains the clause that that one of the partners will be working partner (without specifying the name of partner)
CA Anjana Grover
(Expert)
05 April 2016
Name has to be specified .
Message likes :
1 times
Soumitra Basu
(Expert)
06 April 2016
It is a debatable issue.
Message likes :
1 times
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