The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the income tax law does not prohibit a partner from drawing remuneration/ salary from more than one partnership firm. During the course of the assessment proceedings, the Assessing Officer disallowed the remuneration/ commission paid to two women partners who also derived remuneration from another […]
The post Income Tax Law does not bar Partners to draw Remuneration from More than One Firms: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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