Remuneration payable to partners
This query is : Resolved
23 October 2009
What is the remuneration payable to partners on book profit and also what is maximum and minimum remuneration payable in case of no profit or even loss.
23 October 2009
W.e.f. 1-4-2010 :-
(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.
(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.
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