remuneration of partner
This query is : Resolved
22 September 2009
Partnership Firm let out the factory building during the off season period,rent received from such let out wheather allowed for calculating partners remuneration
Do the needful reply
Do the needful reply
22 September 2009
yes, you can considered the same in calculating the remuneration to partners.
The base for such calculations is like this:
The the factory building is business assets, firm claims depreciation on it. SO the rent from such factory building is business income & partners remuneration is calculated on business income.
The base for such calculations is like this:
The the factory building is business assets, firm claims depreciation on it. SO the rent from such factory building is business income & partners remuneration is calculated on business income.
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