Remuneration in firm for working partner in 4 months
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 February 2014
A firm has registered from 1 November 2012 and its profit is Rs. 300000/- in only 4 month till 31.03.2013, how much remuneration can give the working partner in 4 months of FY 2012-13
01 February 2014
Maximum Rs.2,70,000/- can be given according to section 40(b) if the partnership deed also contains such a clause.
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