Remuneration to patners
This query is : Resolved
seema chouhan
(Querist)
18 May 2009
if the book profit is Rs.55979/- what will be the remuneration 50000/- or 50381/-
Ca Anand Dubey
(Expert)
18 May 2009
how you calculated 50381?
18 May 2009
Remuneration is 50,381/-
Kedar Pande
(Expert)
18 May 2009
Remuneration allowed to be paid will be 50000/- or 90% of Rs.55979/- which ever is more. 90% of 55979 come to Rs.50381/-.
So remuneration allowed is Rs. 50381/-. You can pay less or more. If paid more it will be disallowed under section 40
So remuneration allowed is Rs. 50381/-. You can pay less or more. If paid more it will be disallowed under section 40
Arun Gupta
(Expert)
18 May 2009
AGREE WITH KEDAR PANDE
CA.Varun Ranjan
(Expert)
18 May 2009
yes of course that would be Rs.50381/-
18 May 2009
Agree with experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Intimation under section 245
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
