Have 2 queries
1) Is Working partner defined anywhere in the Act ???
2) Can a person be considered as working partner if he is taking salary from company as director and also from partnership firm ( deed specifies him to be working partner) ,
Thanks
Menu
Salary to working partner
Replies (1)
Working partner is an individual who is actively engaged in conducting the affairs of the business/profession of the firm of which he is a partner. refer explanation 4 to section 40(b). So I presume if such person is actively engaged in conducting affairs (as above) then he shall be a working partner.
Recent Topics :
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
Related Topics :
CAclubindia
