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Remuneration to Company as a partner

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(Querist)
14 April 2010 Can remunearion be paid by partnership firm to the company who is a partner in the firm? What if directors of that Company are working on behalf of Company? Thus will the company be treated as working partner?
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Anil

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Anil (Expert)
14 April 2010 No remunaration can not be paid to the company. For availing benefir of remunaration to partners , partner has to be individual.

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