https://www.taxtmi.com/forum/issue?id=114639 Whether remuneration paid to a retiring partner qualifies as an allowable deduction under Section 40(b) of the Income Tax Act is the operative question, focusing on whether retirement payments fall within the Act's partnership deduction rules and the criteria distinguishing allowable business expenditure from non deductible distributions for retiring partners. en-us Sat, 16 Feb 2019 14:13:26 +0530 Thu, 23 Jan 2025 15:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114639 Whether remuneration paid to a retiring partner qualifies as an allowable deduction under Section 40(b) of the Income Tax Act is the operative question, focusing on whether retirement payments fall within the Act's partnership deduction rules and the criteria distinguishing allowable business expenditure from non deductible distributions for retiring partners. Discussion-Forum Income Tax Sat, 16 Feb 2019 14:13:26 +0530 https://www.taxtmi.com/forum/issue?id=114639