Whether salary and interest to partner for a.y.2017-18
This query is : Resolved
Satish Kumar
(Querist)
08 July 2017
Dear Sir,
I have a Partnership Firm having Net Profit 19% before Interest and salary to Partner.After Interest & Salary to Partner it goes to .97%. Whether Partnership Firm goes to Tax Audit or not.
Whether Salary & Interest is allowed to Partner for the A.Y.2017-18 or not.
I have a Partnership Firm having Net Profit 19% before Interest and salary to Partner.After Interest & Salary to Partner it goes to .97%. Whether Partnership Firm goes to Tax Audit or not.
Whether Salary & Interest is allowed to Partner for the A.Y.2017-18 or not.
Amol S Joglekar
(Expert)
08 July 2017
it is very much allowed for the firm
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