Regarding salary and interest to partners

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we are having such customers comes under partnership firm and their turnover is very small(not more than 20-25 lack), so ad pet section 44AD. from current year the interest and remuneration paid to partners is not allowable in the hands of firm.
so in a such cases. whether the said books of account get to be audited or not.
Replies (4)
we are having such customers comes under partnership firm and their turnover is very small(not more than 20-25 lack), so as per section 44AD. from current year the interest and remuneration paid to partners is not allowable in the hands of firm. 
so in a such cases. whether the said books of account get to be audited or not.
If u show 6%/8% of turnover as your income then there is no need to get your accounts audited. There is no linkage between disallowance of interest and remuneration with that of tax audit.
You surely can not deduct interest and salary to partners after presumptive rate of 8%. No need for tax audit if profit net of interest and salary to partners is 8%
thanku very much..


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