remuneration to partners (urgent)
This query is : Resolved
23 September 2009
for calculating remuneration to partners, how is the effect to be given for allowances & disallowances
what will be the effect in following example?
net profit as per P&L rs 1500000/-
exp. disallowed during the year rs 20000/-
exp. disallowed in last year allowed in current year rs 5000/-
partners A B C
p.s. ratio 25% 25% 50%
what will be the effect in following example?
net profit as per P&L rs 1500000/-
exp. disallowed during the year rs 20000/-
exp. disallowed in last year allowed in current year rs 5000/-
partners A B C
p.s. ratio 25% 25% 50%
24 September 2009
150000+20000-5000=165000 ( book profit for sec 40(b) ) calculate rem accordingly
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