Dear all
Where in (in which colum) in ITR-5 can i claim deduction u/s 40a and 40b interest to partner and remuneration to partners in schedule BP
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 17 March 2010
Look, u have to include the NET PROFIT (net of such remuneration and interest) to the schedule BP...
Such expenses are recoreded in OTHER EXPENSES head of Part A - P&L.....
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