Expenses deductible against remuneration from firm income

May be helpful:

https://flame.org.in/KnowledgeCenter/Partnerscangetdepreciationbenefitsagainstincome.aspx

Extract:

"The above ruling thus interprets the provisions of the Act to provide that partners of firms can consider claiming depreciation on assets (in their personal name and used for the firm’s business) against the remuneration and interest income from their firms. Any other expenditure to be claimed, namely travelling, conveyance, books, printing and stationery, etc, will need to be proportionately apportioned between the exempt profit share and taxable remuneration."