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Partnership regarding

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2013 Dear Sir,
Whether there is any change in salary clause from the regime of FY 2013-14.
or
it is still as follows-

On the first 3 lacs - 150000/- or 90% whichever is more.

After 3 lacs - 60% of profit.


Please clarify.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
10 May 2013 The limits for allowance of remuneration to partners u/s 40(b) are the same and there is no change in the limits.
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