dear tax tax experts
whether any amendments have been made in respect of deductions in respect of salary remuneration interest on capital paid to partners in 44ad cases.
previously it was deductible from total income declared under 44ad.
later salary remuneration interest on capital to partners are also included in the total income declared under 44ad and separate deductions were allowed. but now I couldn't find any relevant provisions in the sections.
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salary remuneration interest on capital to partners
Replies (6)
yes separate deduction is not allowed
In current scenario no way for claim interest and remuneration for the partners if firm file u/s 44AD...
Mr. Raja sir.. Could you please provide the relevant provisions.. Pls
vide finance bill 2016 even removed the interest and remunerations paid before taxation by Omissions of proviso to section 44AD(2).
Thanks sir
| Originally posted by : RAMAKRISHNAN R | ||
 |
Thanks sir |  |
You are Most Welcome Sir...
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