PARTNERS REMUNARETION

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 June 2010 SIR PLEASE TELL ME THAT
NEW AMENDMENT AS PER FINANCE ACT 2009
PARTNER REMUNERATION OF FIRST 300000 BOOK PROFIT 150000 OR 90% ,
BALANCE PROFIT 60%
IS APLICABLE NO A FIRM OTHER THAN PROFFESSIONAL FIRM ? AS PER SECTION 40

IF NO THEN PLEASE TELL ME ITS LIMIT

18 June 2010 Same rate for business and profession.

18 June 2010 It is applicable to all firms whether professional or not.


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2010 Thanku You to all of you for reply


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