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Remuneration to partners

This query is : Resolved 
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(Querist)
23 July 2018 Can a partner become the CEO of the Same partnership firm and draw additional salary for the role.?
Is the salary as CEO liable for the calculation under Section 40(b).
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 July 2018 Yes, salary as CEO liable for the calculation under Section 40(b).
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richa

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richa (Querist)
23 July 2018 thank you so much sir
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 July 2018 Welcome................
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
24 July 2018 Partner whatever role he comes under purview sec 40(b). Limit salary to the extent allowed on profit.
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