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 ?
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
OR add as source on Google news
- Acquisition of a society by a company
- EPF withdrawal before 5 years and Disclosure in ITR-2
- Rebate Under 87A Issue
- ITC Utilization on vehicle repair
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- GST Applicability on Fair Price Shop Commission Income
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- HRA in ITR 2 FY 2024-25
- Transfer of immovable property without consideration
- Gratuity not yet paid shown in form 16
- Mis report in excel format of hospital
- Updation Required
- Tax invoice in special case
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
