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Interest and Remuneration
partners interest and remuneration is allows in income tax or not for the year 2017-18 in ITR 5
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Remuneration To partners under section 40(b) As per Section 40(b) of income tax act any interest,salary, bonus, commission or remuneration paid topartners by the partnership firm are allowed to be deducted as an expenses subject to such conditions mentioned in the income tax act.
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