banner_ad

Salary to designated partner in LLP

This query is : Resolved 

28 September 2019 Hi Professionals,
Please Clarify whether salary can be paid to a partner who invested 20% share in Limited Liability Partnership in addition to Remuneration. Means Both Salary and Remuneration to same person by treating him/her as an employee.
Give me suggestions with suitable case laws if any.


28 September 2019 Only remuneration to partners can be paid subject to limits as per LLP deed and as per the provisions of the Income tax Act.

28 September 2019 continutation to the previous query, if no remuneration is paid to designated partner whether salary can be paid to him/her as an employee in LLP.

28 September 2019 Yes, it will be considered as remuneration to partners and limits applicable.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details