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....ner's share in the income of the firm 67. (1) In computing the total income of an assessee who is a partner of a firm, whether the net result of the computation of total income of the firm is a profit or a loss, his share (whether a net profit or a net loss) shall be computed as follows: - (a) any interest, salary, commission or other remuneration paid to any partner in respect of the previous year ^1[, and, where the firm is a ^2[registered firm or an unregistered firm assessed as a registered firm under clause (b) of section 183], the income-tax, if any, payable by it in respect of the total income of the previous year,] shall be deducted from the total income of the firm and the balance ascertained and apportioned a....

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....or carried forward and set off, in accordance with the provisions of this Chapter. Explanation.-In this section, "paid" has the same meaning as is assigned to it in clause (2) of section 43." 5. Omitted vide Section 36 of the Finance Act, 1992 w.e.f. 01-04-1993 before it was read as, "^4[67. Method of computing a member's share in the income of association of persons or body of individuals (1) In computing the total income of an assessee who is a member of an association of persons or a body of individuals wherein the shares of the members are determinate and known [other than a company or a co-operative society or a society registered under the Societies Registration Act, 1860 (21 of 1860) or under....