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    <title>Partners Salary for Income Tax Purpose</title>
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    <description>A partnership firm pays partners remuneration but computes tax under the presumptive taxation regime and is allowed only a limited deduction for partner remuneration in computing firm income. The document contrasts the actual salary paid to partners with the deduction the firm can claim under partner-remuneration rules and the firm&#039;s presumptive tax liability, and asks whether partners are taxable on the full salary received, on the amount the firm was allowed to deduct, or on salary reduced by the firm&#039;s presumptive tax payment.</description>
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      <title>Partners Salary for Income Tax Purpose</title>
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      <description>A partnership firm pays partners remuneration but computes tax under the presumptive taxation regime and is allowed only a limited deduction for partner remuneration in computing firm income. The document contrasts the actual salary paid to partners with the deduction the firm can claim under partner-remuneration rules and the firm&#039;s presumptive tax liability, and asks whether partners are taxable on the full salary received, on the amount the firm was allowed to deduct, or on salary reduced by the firm&#039;s presumptive tax payment.</description>
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      <law>Income Tax</law>
      <pubDate>Tue, 31 Jan 2017 18:15:15 +0530</pubDate>
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