Partner remmuneration

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NIL
73 Points Posted on 26 July 2020
Professional fee paid to one of the working partner for the professional services rendered by them. Is this amount to be included in remuneration referred to in Sec.40(b). Please clarify with supporting case laws if any
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On 26 July 2020 at 12:35 Report
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This discussion clarifies whether professional fees paid to a working partner for services rendered should be included in the definition of remuneration under Section 40(b). The consensus suggests that such payments are indeed to be considered within the limits prescribed by this section.

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Sr Accountant
292 Points Posted on 26 July 2020

Hi,

Please refer this 

https://www.caclubindia.com/forum/salary-and-professional-fees-for-a-partner-388260.asp

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On 26 July 2020 at 13:05
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1102 Points Posted on 26 July 2020
@ Mr. Dhiraj John Mattam

You paid professional fee to working partner it should be counted in limit of sec 40(b)
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On 26 July 2020 at 13:09

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