While calculating remuneration to Partners as per sec 40(b), can we add remuneration for the current year with arrears received?
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Remuneration to partners
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Section 40(b) do not talks about arrears it only lays down that the remuneration so paid should not exceed the limits u/s 40(b)
| Originally posted by : Mohammad Asif | ||
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Section 40(b) do not talks about arrears it only lays down that the remuneration so paid should not exceed the limits u/s 40(b) |
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so remuneration paid can include arrears?
do we include arrears if in partnership deed, remuneration for a partner is fixed for month.
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