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Remuneration to patners

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(Querist)
18 May 2009 if the book profit is Rs.55979/- what will be the remuneration 50000/- or 50381/-
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
18 May 2009 how you calculated 50381?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 May 2009 Remuneration is 50,381/-
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Kedar Pande

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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
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Arun Gupta

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Arun Gupta (Expert)
18 May 2009 AGREE WITH KEDAR PANDE
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CA.Varun Ranjan

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CA.Varun Ranjan (Expert)
18 May 2009 yes of course that would be Rs.50381/-
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
18 May 2009 Agree with experts
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