If partnership firm in which huf is partner and firm paid salary to member of huf. Is 40b applicable on this payment.
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,
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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