firm use 44ad

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 05 July 2019

If opt to 44ad then no way for book Partners Remuneration & Interest in any of the Turn over value...

Share the profit amount to partners account as per their share ratio...

srikumar

audit staff

1203 Points Posted on 05 July 2019

ok sir, above method is correct or incorrect sir

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 05 July 2019

As per Your query (and your view is Correct.)

But, I think You are not get 44ad related details)

srikumar

audit staff

1203 Points Posted on 05 July 2019

sir, what 44ad related details, I am not understand

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 05 July 2019

Details means act or provisions...

as per sec 44ad partners can't claim Remuneration and interest. That's all.

srikumar

audit staff

1203 Points Posted on 05 July 2019

NOT MANDATORY FOR CLAIM PARTNERS SALARY & INTERST ON CAPITAL, IF DEED IS SPECIFIED SIR, BECAUSE INSUFFICIENT SALES SO NO SALARY & INTEREST ON CAPITAL SIR. IF NEXT YEAR SUFFICIENT SALES I WILL PROVIDE SALARY & INTREST SIR

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 05 July 2019

(IF NEXT YEAR SUFFICIENT SALES I WILL PROVIDE SALARY & INTREST SIR)

No... If ITR will be file u/s 44ad

Priya Kashyap

Student

7053 Points Posted on 05 July 2019

yes as per the section it is not permissible to allow aforesaid expenses as deductible

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srikumar

RAJA P M

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RAJA P M

srikumar

RAJA P M

srikumar

RAJA P M

Priya Kashyap

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