Salary of Partner
This query is : Resolved
22 January 2009
A company is a partner in a firm. Director of a company is being paid salary from the firm.
Query:
Whether provision as regards salary u/s 40(b) is applicable to salary paid as mentioned above.
Pl guide
CA Anand U Patankar
Query:
Whether provision as regards salary u/s 40(b) is applicable to salary paid as mentioned above.
Pl guide
CA Anand U Patankar
22 January 2009
How company is partner in Regd firm
if an Individual is partner then Salary U/s 40ab is applicable
if an Individual is partner then Salary U/s 40ab is applicable
22 January 2009
YES APPLICABLE
23 January 2009
If a Company is Partner how Director can get Salary
23 January 2009
If Salary is Paid to Company the term cannot be salary
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