TaxTMI 
TaxTMI 
Hello My Friends..
My Query is related to section 44ad in which i want to ask about disallowance of Section 40(b) as per 44ad(2) of income tax act,1961...please give complete refrence and solution..
Amendment in Section 44Ad
18 Mar 2016 
0 Replies 
830 Views Asked by
Presumptive taxation under Section 44AD raises whether partner-remuneration deductions under Section 40(b) are excluded from taxable income.
Query whether subsection 44AD(2) of the presumptive taxation regime disallows remuneration and other deductions ordinarily allowable under the partnership deduction provision, seeking statutory references and a practical solution for computing taxable income under the presumptive scheme. (AI Summary)
Query whether subsection 44AD(2) of the presumptive taxation regime disallows remuneration and other deductions ordinarily allowable under the partnership deduction provision, seeking statutory references and a practical solution for computing taxable income under the presumptive scheme. (AI Summary)