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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on purchase of under construction property from a reseller
- UDIN ISSUE
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
