Sec-184
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2014
respected sir,
sec -184 of insists for instrument of partnership only. and there is no words like regestered partnership deed.and in my opinion there is necessary to register partnership agreement or deed to claim exemptions for interest and renumaration paid to partners .please discuss
sec -184 of insists for instrument of partnership only. and there is no words like regestered partnership deed.and in my opinion there is necessary to register partnership agreement or deed to claim exemptions for interest and renumaration paid to partners .please discuss
Amol S Joglekar
(Expert)
22 November 2014
Registration of partnership is not compulsory under Income Tax Act. The manner in which the ICSBR (Interest,Commission, Salary,Bonus, Remuneration)is to be mentioned/ spelt out in the deed, that is what it asks for.
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