REGARDING PATNERSHIP

WHAT ARE THE PROVISIONS FOR THE SALARY IN PATNERSHIP FOR PATNERS

Replies (1)

As per partnership act,1932 the salary to be pay only for active partener(s) as per agreement or deed.

As per income tax act 1961, refer section 40(b) for claiming  expenditure at the time of assesing the income of partnership firm. However u r question should be clear.

OM SAI SRI SAI JAI JAI SAI

 

 

 


 

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