Partnership firm u/s 44ad
This query is : Open
13 March 2016
Hii all I want to know about when we calculate profit u/s 44ad for partnership firm at that time for findingout remuneration intrest on partner's capital should be deduct first from profit or as it is directly calculate on 8% profit?
13 March 2016
It can be deducted from 8% profit.
13 March 2016
1. Find out 8%.
2. Deduct interest on capital @12%.
3. Arrive the balance .
4. Calculate remuneration on the balance so arrived above.
2. Deduct interest on capital @12%.
3. Arrive the balance .
4. Calculate remuneration on the balance so arrived above.
13 March 2016
thanks for answer
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Regarding Individuals Retuned to India and Resident currently
- Clubbing of Income - Minor
- Minor Aadhar card cancelled
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Rectification of TDS return - Sale of property
- Form 121-contradictory opinions
- Capital Gain Incidents
- URD SEPARATE INVOICE
- 3cd- cash system of accounting is allowed?
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
