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TAXATION OF PARTNERS INCOME, Income Tax |
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TAXATION OF PARTNERS INCOME |
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A PARTNER OF A PARTNERSHIP FIRM, CLAIMS PERSONAL DRIVERS SALARY AS DEDUCTION FROM HIS SALARY AND INTEREST ON CAPITAL .IS IT AN ALLOWABLE EXPENSE? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
the salary and interest from partnership firm is an income from Profession/Business.So any expense including Driver's salary which is for the purpose of the Business is an allowable deduction. Page: 1 Old Query - New Comments are closed. |
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