Ans: Firms, whether LLPs or other firms, cannot deduct the following expenses from their profits: Remuneration not authorised by the partnership deed Payments over Rs. 1,50,000 or 90% of book profit, whichever is higher Remuneration, bonus, commission or salaries to a non-working partner Payments not authorised by the partnership deed Interest payments above 12% p.a. to any party