PARTNRE SALARY &INTEREST ALLOWED U/S 44AD?
8% PROFT DECLEARED ON TOTAL SAELS .CLIAM FOR PARTNRE SALARY & INTEREST?
Menu
Audit
Replies (1)
" PARTNER SALARY & INTEREST ALLOWED U/S 44AD?"
Not from AY 2017-18. Amendment as per finance act, 2016.
"8% PROFIT DECLEARED ON TOTAL SALES"
8% for cash TO & 6% for banking channel TO, but partner's salary & interest amount deemed to have been deducted!
No more such deductions as it was allowed in earlier years!!
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
