https://www.taxtmi.com/acts?id=9735 The amendment requires that where a firm commits specified failures, the firm shall be assessed so that no deduction is allowed for any payment to a partner described as interest, salary, bonus, commission or remuneration when computing income under the head Profits and gains of business or profession, and such payments shall not be charged as the partner's income under the usual classification. en-us Wed, 22 Oct 2008 09:11:01 +0530 Wed, 22 Oct 2008 09:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9735 The amendment requires that where a firm commits specified failures, the firm shall be assessed so that no deduction is allowed for any payment to a partner described as interest, salary, bonus, commission or remuneration when computing income under the head Profits and gains of business or profession, and such payments shall not be charged as the partner's income under the usual classification. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 09:11:01 +0530 https://www.taxtmi.com/acts?id=9735