Case Law Details
Case Name : CIT Vs. Anil Hardware Store (Himachal Pradesh High Court)
Related Assessment Year :
Courts :
All High Courts Himachal Pradesh HC
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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 (2
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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