TAXATION OF PARTNERS INCOME

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....AXATION OF PARTNERS INCOME<br> Query (Issue) Started By: - K RAJKUMAR Dated:- 19-12-2011 Last Reply Date:- 3-1-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>A PARTNER OF A PARTNERSHIP FIRM, CLAIMS P....

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....ERSONAL DRIVERS SALARY AS DEDUCTION FROM HIS SALARY AND INTEREST ON CAPITAL .IS IT AN ALLOWABLE EXPENSE? Reply By k Nagarajan: The Reply: the salary and interest from partnership firm is an income ....

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....from Profession/Business.So any expense including Driver's salary which is for the purpose of the Business is an allowable deduction.<br> Discussion Forum - Knowledge Sharing ....