Income tax under 44 ad
can I diduct interest on capital and remuneration to partners from presemptive income( 8 % of turnover ) under 44 ad ?
Replies (1)
Yes . But only to working partners and that too within the provisions of Sec 40(b)
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
