Calculation of remuneration to partners
This query is : Resolved
SAJAN KESHRI
(Querist)
16 July 2013
whether unabsorbed depreciation is to be deducted while arriving at book profit for allowing remuneration to partners.
16 July 2013
Unabsorbed depreciation is as good as current year depreciation {vide section 32(2}, hence should be deducted to arrive the 'book profit' for the purpose of calculating remuneration to 'working partners'
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16 July 2013
yes it has to be deducted.
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