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maximum allowable partnership remuneration for a.y.2010-11?

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(Querist)
26 August 2010 plzzz tell me maximum allowable partnership remuneration limits for a.y.2010-11?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
26 August 2010 https://wirc-icai.org/wirc_referencer/Income%20Tax%20&%20Wealth%20Tax/Taxation%20of%20Firms.htm

Check above link.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
26 August 2010 The limits for partners’ remuneration under section 40(b)(v) has revised upwards and the differential limits for partners’ remuneration paid by professional firms and non-professional firms have been removed. On the first Rs.3 lakh of book profit or in case of loss, the limit would be the higher of Rs. 1,50,000 or 90% of book profit and on the balance of book profit, the limit would be 60%.
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