section 44 AB

UNDER SEC 44AD OF IT ACT, FIRM is eligible to calculate their profit as 8% of thre gross receipt /turnover.

No Dedn will be allowed u/s 30 to 38 of IT act.However,int or remuneration(salary) paid to partners of partnership firm will be allowed as deduction from income.

So, in my opinion ,Profit will be calculated after deduction.

Regards

CA Swati Agarwal