Does remuneration/Interest forms part of Turnover in hands of Partner

This discussion explores whether interest and remuneration received by a proprietor from partnership firms should be included in their overall business turnover. While some argue that interest income might be considered part of revenue, the general consensus is that both remuneration and interest received by a partner are taxed separately under the head 'Profits and Gains from Business or Profession' (PGBP), rather than forming part of the business's turnover. GST implications for interest are also briefly touched upon.