Remuneration to partner

This query is : Resolved 

13 August 2014 Maximum remuneration to be paid to working partner as per income tax act.

13 August 2014 remuneration as per section 40(b)
upto book profit
rs. 3000000 then 90% book profit or Rs. 150000/- which ever is higher
and on balance after First Rs. 3000000 = 60%


13 August 2014 i would like to add some points on rupesh answer

"provided it is authorized by partnership deed and method is specified on partnership deed"

13 August 2014 i would like to add some points on rupesh answer

"provided it is authorized by partnership deed and method is specified on partnership deed"

13 August 2014 What is minimum Partner Capital

13 August 2014 there is no requirement of minimum capital

13 August 2014 there is no requirement of minimum capital

13 August 2014 opening capital around Rs.250000/-
closing capital is zero
then?

13 August 2014 remuneration can not be linked with capital. It is paid to working partner.

13 August 2014 remuneration can not be linked with capital. It is paid to working partner.

13 August 2014 no it is withdrawal and not remuneration

13 August 2014 yes capital can have zero balance too.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details