TaxTMI 
TaxTMI 
A PARTNER OF A PARTNERSHIP FIRM, CLAIMS PERSONAL DRIVERS SALARY AS DEDUCTION
FROM HIS SALARY AND INTEREST ON CAPITAL .IS IT AN ALLOWABLE EXPENSE?
TAXATION OF PARTNERS INCOME
19 Dec 2011 
1 Reply 
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Business income: expenses incurred for the purpose of the business, including a partner's driver salary, are deductible.
A partner's salary and interest from a partnership firm are treated as income from business/profession; expenses incurred for the purpose of the business, including a driver's salary where expended wholly and exclusively for business purposes related to the partnership activity, are allowable deductions against that income. (AI Summary)
A partner's salary and interest from a partnership firm are treated as income from business/profession; expenses incurred for the purpose of the business, including a driver's salary where expended wholly and exclusively for business purposes related to the partnership activity, are allowable deductions against that income. (AI Summary)