Remuneration u/s 40(b)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2013
Hello friends,
1. There is partnership firm.
2. Loss is Rs.20,00,000 for F.Y.2012-13.
3. salary paid to Two partner amounting to
Rs.185000/-.
4. Now pls tell me whether the Salary is form part of remuneration?
5. And if Yes then how much remuneration allowable to Firm for F.Y.2012-13
6. I have already paid Rs.185000 as salary then what to do for Rs.35000 (185000-150000)...
reply....pls
1. There is partnership firm.
2. Loss is Rs.20,00,000 for F.Y.2012-13.
3. salary paid to Two partner amounting to
Rs.185000/-.
4. Now pls tell me whether the Salary is form part of remuneration?
5. And if Yes then how much remuneration allowable to Firm for F.Y.2012-13
6. I have already paid Rs.185000 as salary then what to do for Rs.35000 (185000-150000)...
reply....pls
24 April 2013
1. Salary forms part of remuneration.
2. Maximum remuneration is restricted at Rs.1,50,000/- per annum.
2. Maximum remuneration is restricted at Rs.1,50,000/- per annum.
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