hii...
Is there any maximum ceiling on active/working partner's remuneration in a partnership that is not registered???
what if the partnership is registered one???
Menu
ACTIVE PARTNER REMUNERATION CEILING
Replies (3)
Quick Summary
No there is no such maximum ceiling limit
There is a limit in respect of the remuneration paid to the working partners that can be claimed by the firm as deduction u/s 40(b).
Refer for more details: https://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx
That limit should be based on book profit
Recent Topics :
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
Related Topics :
CAclubindia
