Disallowance on account of remuneration paid to partners of the ...

Case Laws Income Tax

February 16, 2019

Disallowance on account of remuneration paid to partners of the firm - The partnership deed has specified that the amount of remuneration allowable u/s 40(b)(v) would be the amount of remuneration paid to the partners and same would be shared in their profit-sharing ratio in that year. - conditions are satisfied - Deduction allowed.

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Disallowance on account of remuneration paid to partners of the ...

Case Laws Income Tax

February 16, 2019

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