Change in the Tax Law Related to Partnership Firm & the Controversial issues Amendment in remuneration limit: 1. The Finance (No. 2) Act, 2024 (passed on 16th August 2024) has revised the permissible limit for claim of remuneration. 2. Pre-amendment specified limits for permissible remuneration were a) on the first, Rs. 3,00,000 of the…
The post Change in the Tax Law Related to Partnership Firm & the Controversial issues appeared first on The Tax Talk.
