Allocation of Sallary

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2010 i want to know about how i can distrubuted Salary Among the partner as per assesment year 2010-11

31 August 2010 according to section 40 (B)
the payment of remuneration should not exceed the following amt

(a) on the first 3,00,000 of book profit or in case loss ---> rs.1,50,000 or @ 90% of book profit wich ever is more.

(b) on the balance book profit ---> @ 60%

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 August 2010 thanks for answer


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