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TMI BlogSalary to partners u/s 40(b) - such individual is not a partner of the assessee-firm in his individual...Salary to partners u/s 40(b) - such individual is not a partner of the assessee-firm in his individual capacity but he is a partner in the capacity of representative of HUF of which he is a karta - deduction u/s 40(b) allowed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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