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