Section 40(b)
This query is : Resolved
12 December 2015
Dear Sir(s),
How to calculate partners remuneration u/s 40(b), if deed in adding 40(b) provisions on 30th october. Explain it please
How to calculate partners remuneration u/s 40(b), if deed in adding 40(b) provisions on 30th october. Explain it please
12 December 2015
1. Arrive the profit of the year(12 months)
2. Find out proportionate profit from 1st Nov to 31st mar.
3. Calculate 40(b) on the amount arrived in clause 2 above.
2. Find out proportionate profit from 1st Nov to 31st mar.
3. Calculate 40(b) on the amount arrived in clause 2 above.
12 December 2015
Sir,
Will i considering rs.1,50,000/- book profit or 75,000/- bp ?
Will i considering rs.1,50,000/- book profit or 75,000/- bp ?
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