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Partner Remuneration

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(Querist)
08 May 2010 Pls what amendmane in remunearaion of partners in budget 2010
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Aditya Maheshwari

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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”.
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