In case of loss, a partnership firm may claim deduction in respect of remuneration to partner to the extent of:

Related MCQs

• Where a partner of a firm transfers any capital asset to the firm by way of capital contribution, for the purpose of computing capital gain in the hands of the partner, the amount of deemed consideration is
• Remuneration to partner of a firm engaged in the business of growing and manufacturing rubber in India is:
• An individual can claim deduction from his gross total income in respect of expenditure for the medical treatment of a dependent, being a person with disability upto maximum limit of
• A start-up can claim deduction under Section 80-IAC for _____ consecutive years beginning from the year in which the eligible start-up was incorporated.
• Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)
• Amount of deduction in respect of donation to approved scientific research institution u/s 80GGA is:
• Deduction u/s. 80E in respect of interest on education loan is allowed for:
• Deduction u/s 35AD is available in respect of expenditure on specified business, one of them is:
• Deduction u/s 35AD is available in respect of expenditure on specified business provided such business commenced its operation on or after 01-04-2009 subject to an exception that:
• Deduction under the section 80E is allowed in respect of