Cost plus margin
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2016
I am a partner in LLP, we have agreed to take remuneration based on profit earned during the period.
My sales will be based on Cost for the year plus margin @ 17 % .
Should I include partner remuneration as cost ?
Thanks
I am a partner in LLP, we have agreed to take remuneration based on profit earned during the period.
My sales will be based on Cost for the year plus margin @ 17 % .
Should I include partner remuneration as cost ?
Thanks
Amol S Joglekar
(Expert)
01 June 2016
Remuneration is COST, be it partner's or otherwise.
Rupesh Jain
(Expert)
02 June 2016
it will end of period when you earn profit then give the remuneration.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- TAX AUDIT ON PROFESSIONAL INCOME
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
