Partnership

Nitesh kumar (Student) (24 Points)

20 May 2016  
Sir, There are Three partners in a firm and all of them getting salary as well as partner remuneration. the Salary amount is Rs 55 lacks and Remuneration paid to them is Rs 72 lacks and the net profit of the firm after salary and remuneration is 45 lacks. So Please help me to find out that whether its is allowable or not as per income tax act 1961