Partnership firm
debabrata tripathi (NA) (84 Points)
15 September 2016
Whether a minor partner is entitled to get remuneration from partnership firm or not?
debabrata tripathi (NA) (84 Points)
15 September 2016
CA Neha Agrawal
(CA)
(825 Points)
Replied 15 September 2016
A minor partner is entitled to get remuneration in the partnership firm. But remuneration paid only to working partners is allowed as deduction for income tax purpose.
CAclubindia
