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        F. Acts / Amendment Acts

        Section 8 - Amendment of section 15 (Omitted)

        Direct Tax Laws (Amendment) Act, 1987
        Chapter II
        AMENDMENTS TO THE INCOME-TAX ACT, 1961

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        Treatment of partner remuneration: payments from a firm to a partner are not treated as salary under section 15. Insertion of Explanation 2 specified that any salary, bonus, commission or remuneration due to, or received by, a partner of a firm from the firm shall not be regarded as 'salary' for the purposes of section 15; that explanatory provision was later omitted by a subsequent amending Act.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Treatment of partner remuneration: payments from a firm to a partner are not treated as salary under section 15.

                                Insertion of Explanation 2 specified that any salary, bonus, commission or remuneration due to, or received by, a partner of a firm from the firm shall not be regarded as "salary" for the purposes of section 15; that explanatory provision was later omitted by a subsequent amending Act.


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