Partner Remuneration
This query is : Resolved
Dinesh Gupta
(Querist)
08 May 2010
Pls what amendmane in remunearaion of partners in budget 2010
Aditya Maheshwari
(Expert)
08 May 2010
No change in budget 2010.
Change had been made in finance act (No. 2), 2009 as under
“(a) on the first Rs. 3,00,000 of the book-profit or in case of a loss Rs. 1,50,000 or at the rate of 90 per cent of the book-profit, whichever is more;
(b) on the balance of the book-profit at the rate of 60 per cent”.
Change had been made in finance act (No. 2), 2009 as under
“(a) on the first Rs. 3,00,000 of the book-profit or in case of a loss Rs. 1,50,000 or at the rate of 90 per cent of the book-profit, whichever is more;
(b) on the balance of the book-profit at the rate of 60 per cent”.
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