Menu
income tax
in partnership firm turnover Rs.4000000/- part net remuneration is allowed u d 44AD
Replies (4)
No remuneration to partners deductible, when firm assessed u/s. 44AD
Finance Act 2016 has deleted the proviso appearing in Section 44AD (2), consequent to which, deduction of the partner's interest and salary is not further allowed for a partnership firm opting for presumptive scheme under Section 44AD of the Act.
on RS.4000000/- @ 8%= 320000/- tax 11856
| on RS.4000000/- @ 8%= 320000/- tax @ 31.2% ... Rs. 99840/- | ||
Recent Threads
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
Related Threads
CAclubindia
