Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
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Disallowance of remuneration/ commission - drawing remuneration from partnership firms - there is no law (Income tax & Partnership Act) which prohibits a person to work in more than one partnership firms and draw remuneration therefrom - All that Section 40(b) requires is that the remuneration should be paid to a working partner
Disallowance of remuneration/ commission - drawing remuneration from partnership firms - there is no law (Income tax & Partnership Act) which prohibits a person to work in more than one partnership firms and draw remuneration therefrom - All that Section 40(b) requires is that the remuneration should be paid to a working partner
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