TAXATION OF PARTNERS INCOME

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

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..... PERSONAL 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.
Discussion Forum - Knowledge Sharing .....

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