Menu
Partner's remuneration
A partnership firm of hotel business having turover 8 crore annually. Please tell me can partners claim their remuneration?
Replies (2)
yes the can claim remuneration as per deed.
parrtners can claim remuneration subject to the overall limits specified in section 40(b) provided that the remuneration clause is mentioned in the p'ship deed.
the excess remuneration disallowed will be exempt in the hands of partners. only remuneration allowable will be taxed in partners hands.
the excess remuneration disallowed will be exempt in the hands of partners. only remuneration allowable will be taxed in partners hands.
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
