Remuneration to parten u/s 40b

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Mubarak R momin (Querist)

10 September 2017 After disallowance of deduction of partner remuneration for sec 44ad will it be taxable in the hands of partner as an individual entity for ay 17-18

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RAJA P M

RAJA P M (Expert)

10 September 2017 After disallowance or allowance....?

Mubarak R momin

Mubarak R momin (Querist)

10 September 2017 after disallowance

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

11 September 2017 Remuneration is always taxable in hands of partners.

RAJA P M

RAJA P M (Expert)

11 September 2017 (after disallowance) I can't understand this one bcoz, U/s 44AD remuneration allowed before 8%. Then what you mean DISALLOWANCE....?

Mubarak R momin

Mubarak R momin (Querist)

11 September 2017 from fin act 2016 remuneration and interest are not deductible from the profit @8% so what to do in hands of partner

RAJA P M

RAJA P M (Expert)

11 September 2017 Yes. You are exactly come to the point... Your all deductions including remuneration and Interest deducted then after the profit is 8%. It's available u/s 44AD... If you ll be deduct the remuneration and Interest after 8% of the profit then it's not available u/s 44AD. You can go to 44AB as Audit.... Before deductible the remuneration & Interest it's taxable in partners hand... If not its deducted after 8% it's not taxable. Bcoz, It's also taxed....

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