This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Remuneration allowable even if Partnership not specifies remuneration payable to each individual working partner
Case Law Details
- Case Name
- CIT Vs. Anil Hardware Store (Himachal Pradesh High Court)
- Appeal Number
- Only available for paid members
- Courts
- All High Courts, Himachal Pradesh HC
Advertisement
Allow ability of remuneration when partnership deed not specify the remuneration payable to each individual working partner but lays down the manner of fixing the remuneration
In a case where the partnership deed does not specify the remuneration payable to each individual working partner but lays down the manner of fixing the remuneration, would the assessee-firm be entitled to deduction in respect of remuneration paid to partners?
CIT Vs. Anil Hardware Store (2010) 323 ITR 0368 (HP) Relevant section: 40(b)(v)
The partnership deed of the assessee firm provided that in case th...
if only specified that the remuneration to partners are paid as per up to the limit specified under the Income Tax Act, then also they are eligible for remuneration?
please tell me detail procedure of calculating of remmuneration
to partners