Dear Sir
Can Designated Partner in LLP, act as CEO and get consultation fees instant of salary?
regards
Senthil Kumar
Menu
Can Designated Partner in LLP. act as a CEO and get Consultation fees instant of Salary
Replies (1)
As per Income Tax Act, salary/consultation fee to partner - both will be treated as Remuneration to Partner.
Accordingly, such income will be considered an business income in partners individual ITR.
Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E : raj @ rcdco.in
Accordingly, such income will be considered an business income in partners individual ITR.
Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E : raj @ rcdco.in
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
