hi friends, I have partnership firm I want to opt sec 44 ad, but I have one doubt was
I want to declare 8% income on turnover
my partner receive remuneration was expenses allowed or not
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partnership firm
Replies (5)
No u cannot claim deduction as per section 44AD it is deemed to be allowed
partners remuneration also deemed to be allowed
yes deemed to be allowed
it will be allowed in sec 40(b)
No....
If opt u/s 44AD then no way for claim Remuneration and Interest...
If opt u/s 44AD then no way for claim Remuneration and Interest...
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