https://www.taxtmi.com/circulars?id=5121 The Board permits deduction for working partner remuneration during the transitional period where the partnership deed specifies that remuneration will be the amount allowable under the statute, but disallows deduction where the deed leaves amounts to be agreed at year end without any quantified limit or method; thereafter, deduction is admissible only if the partnership deed specifies individual remuneration or a method for quantification. en-us Mon, 25 Mar 1996 00:00:00 +0530 Sat, 09 Aug 2008 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5121 The Board permits deduction for working partner remuneration during the transitional period where the partnership deed specifies that remuneration will be the amount allowable under the statute, but disallows deduction where the deed leaves amounts to be agreed at year end without any quantified limit or method; thereafter, deduction is admissible only if the partnership deed specifies individual remuneration or a method for quantification. Circulars Income Tax Mon, 25 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5121