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Profit @ 8%

This query is : Resolved 

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.

22 April 2015 Please Reply. It's Urgent.

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.




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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