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Income Tax - Highlights / Catch Notes

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Addition u/s. 40(b)(v) - remuneration paid to partners - The ...


Partner Remuneration u/s 40(b)(v) of Income Tax Act Valid if Calculated Per Act; Retroactive Deed Supports Method.

April 5, 2023

Case Laws     Income Tax     AT

Addition u/s. 40(b)(v) - remuneration paid to partners - The supplementary partnership deed operates retrospectively, the calculation of the remuneration paid to partners if in accordance with the provisions of the Act is to be allowed. - AT

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