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Remuneration to partner

This query is : Resolved 
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(Querist)
13 August 2014 Maximum remuneration to be paid to working partner as per income tax act.
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Rupesh Jain

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Rupesh Jain (Expert)
13 August 2014 it will calculate

for first rs. 3000000/- will be 150000/- or 90% of book profit which ever is higher

and after bal. profit @60%.
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