Tax audit u/s 44ab
This query is : Resolved
09 August 2011
Dear sir,
I want to know that, in a case of partnership firm, for the purpose of Form 3CD,net profit ratio shall be calculated on the basis of profit after partner's salary or profit before partner's salary.
whereas in accounting, partner's salary is shown in the P&L appropriation account.
I want to know that, in a case of partnership firm, for the purpose of Form 3CD,net profit ratio shall be calculated on the basis of profit after partner's salary or profit before partner's salary.
whereas in accounting, partner's salary is shown in the P&L appropriation account.
10 August 2011
Ratio calculation done after partners salary
10 August 2011
Clause 32 (b) of form 3CD should be calculated on the end result meaning thereby profit after remuneration has to be considered.
10 August 2011
I agree with the 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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
