Monthly income to partner

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166 Points Posted on 06 July 2023
Dear experts,

every month rs.50,000 giving to company partner, it is remuneration or salary, pls explain
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On 06 July 2023 at 13:38 Report
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Quick Summary
This discussion clarifies whether a monthly payment of Rs. 50,000 to a company partner is considered remuneration or salary. The distinction depends on whether the company is a Private Limited entity or a Partnership Firm. For Partnership Firms, such payments are typically classified as remuneration.

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CA
10436 Points Posted on 06 July 2023
Remuneration
1 Reply
On 06 July 2023 at 14:15
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"Do the Right Thing...!!!"
128157 Points Posted on 06 July 2023
Company means Pvt Ltd
or
Partnership Firm...

If partnership firm then its remuneration...
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On 06 July 2023 at 17:59

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