If partnership firm in which huf is partner and firm paid salary to member of huf. Is 40b applicable on this payment.
Menu
section 40b applicable
Replies (2)
yes. 40 b will be applicable to workout the maximum permissible amount of remuneration. However remuneration paid to partner in HUF capacity will be taxed in his individual hands.
My question is in which head income will be taxable under Salary Head or under Income from Business and profession?
Thanks,
Recent Threads
- Query on Buy Back of shares
- Best Ca Inter coaching in Laxmi Nagar
- Why do so many SMEs struggle to scale?
- ITR Processing Delay 2025 - Common Reasons & Pr
- Heard & Seen Around – Your Daily Economi
- First time itr4 filing
- Notice of not filing GSTR 10 after 7years
- Turnover not shown in GTSR -3B want to add and pay
- Suggestion needed for CA Inter Costing for Jan 26
- Heard & Seen Around – Your Daily Economi
Related Threads
CAclubindia
