Partnership return u/s 44AD

This discussion clarifies whether partner remuneration and interest can be deducted from the 8% profit declared under Section 44AD. The consensus is that these are part of profit appropriation and not deductible from the business profit itself. However, if the partnership deed allows, these can be deducted before profit distribution, making the total amount tax-free for partners. The applicability of audit under Section 44AB is also touched upon, noting that Section 44AD doesn't apply to agency or brokerage businesses.