Partnership regarding
This query is : Resolved
Querist : Anonymous
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.
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.
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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