Profit @ 8%

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Abhishek Roy Choudhury (Querist)
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21 April 2015 In case of partnership firm showing profit @ 8% includes partner's remuneration and interest on partner's capital or does not include partner's remuneration and interest on partner's capital.

Abhishek Roy Choudhury

Abhishek Roy Choudhury (Querist)
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22 April 2015 Please Reply. It's Urgent.

Nishant Singla

Nishant Singla (Expert)
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22 April 2015 Dear Abhishek Chaudhary,

Section 44AD allows to deduct Partner's Remuneration & Interest on Partner's Capital from the 8% Profit of the Firm.

Nishant Singla

Nishant Singla (Expert)
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22 April 2015 Dear Abhishek Chaudhary,

Section 44AD allows to deduct Partner's Remuneration & Interest on Partner's Capital from the 8% Profit of the Firm.

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