remuneration paid to partners in partnership firm
This query is : Resolved
30 June 2010
i draft a partner ship deed,
in the partner ship deed the had of remuneration
what amount of quantified of remueration in the deed ot ful fill the conducation of section 40(b)
in the partner ship deed the had of remuneration
what amount of quantified of remueration in the deed ot ful fill the conducation of section 40(b)
Aditya Maheshwari
(Expert)
30 June 2010
“(a) on the first Rs. 3,00,000 of the book-profit or in case of a loss Rs. 1,50,000 or at the rate of 90 per cent of the book-profit, whichever is more;
(b) on the balance of the book-profit at the rate of 60 per cent”.
(b) on the balance of the book-profit at the rate of 60 per cent”.
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