Incone tax section 44AD

Whether salary and interest will be allowed for deduction as per section 40 (b) in case of partnership firm addopting presumtive income under section 44AD??

Replies (3)
Quick Summary
This discussion clarifies the deductibility of salary and interest payments for partnership firms that have chosen the presumptive income scheme under Section 44AD. The consensus is that such payments are generally disallowed for deduction under Section 40(b) when opting for Section 44AD. Therefore, no separate deduction is typically provided for these expenses in such cases.

It shall be deemed to be allowed under 44AD. No separate deduction shall be provided.
No, salary and interest paid are disallowed under section 40
Not allowed

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