banner_ad

Partners remuneration

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 September 2009 hello should we deduct dividend received from co-operative bank from net profit to arrive at book profit for the purpose of remuneration....??? (shares are held as investment.)
regards
Profile Image

C.A.Harish Singh

Profile Image

C.A.Harish Singh (Expert)
19 September 2009 As the investment hold as business investment so the dividend is consider as business income and should not be deducted 4 the calculation of partners remunaration.
Profile Image

Ratan Sharma

Profile Image

Ratan Sharma (Expert)
19 September 2009 Dividend from co-operative bank is not exempt from tax therefore can not be deducted from income to calculate the remunaration payable to partners. Had it been received from company then it may have been deducted from income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details