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Parner's remuneration

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03 September 2014 partnership firm have other income rent of property credited to profit & loss account,book profit included rent of income so calculation of partner remuneration consider as above book profit or book profit deducted rent of property
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
03 September 2014 pls refer to explanation 3 to sec 40 b

book profit is to be computed in the manner laid down in chapter IV -D,
in your case , income from rent is to be taxed under income from house property, hence while computing the book profit to calculate partners remuneration, rent has to deducted
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