AA-34-Partner Salary Deduction (Fir Dobara)

Partner salaries are typically deducted from the partnership's net profit, not the gross profit, and this deduction is done before calculating taxable income. The net profit, which includes partner salaries as expenses, is the basis for taxation and partner distributions. Specific rules may vary by jurisdiction, so consult a tax advisor for guidance.

kind response awaited from Sir Edward K Gill. 

Dear Edward K Gill Sir,

Your kind response awaited on above.