How to calculate partners remuneration in computation of income.
This query is : Resolved
17 October 2014
I have credited 1 Lakh Partners remuneration every month in capital a/c. But computation income Arrived at the time of tax calculation as per IT act calculated. Which is correct way of partners remuneration calculation in computation of income.
CA MANOJ GUPTA
(Expert)
17 October 2014
ADD BACK THE REMUNERATION TO NET PROFIT
THE RESULTANT FIGURE WILL BE BOOK PROFIT
THEN CALCULATE REMUNERATION AS PER LAW
CA MANOJ GUPTA
JODHPUR
09828510543
THE RESULTANT FIGURE WILL BE BOOK PROFIT
THEN CALCULATE REMUNERATION AS PER LAW
CA MANOJ GUPTA
JODHPUR
09828510543
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