Working Partners Salary
This query is : Resolved
25 August 2009
PLS HELP ME HOW MUCH SALARY IS TO BE PROVIDED TO THE WORKING PARTNERS FROM THE FOLLWING INFORMATION.
1)BROUGHT FORWARD LOSSES TO BE SET OFF
A) DEPRECIATION LOSS- RS 5,00,000
B) BUSINESS LOSS - RS 5,00,000
2) CURRENT YEARS PROFIT AFTER PROVIDING INTEREST ON CAPITAL - RS 1,00,000
IS IT IS RS 82,500[67500(90% OF 75000)+15000(60% OF 25000)
OR
RS 50,000/-(MINIMUM TO BE PROVIDED)
1)BROUGHT FORWARD LOSSES TO BE SET OFF
A) DEPRECIATION LOSS- RS 5,00,000
B) BUSINESS LOSS - RS 5,00,000
2) CURRENT YEARS PROFIT AFTER PROVIDING INTEREST ON CAPITAL - RS 1,00,000
IS IT IS RS 82,500[67500(90% OF 75000)+15000(60% OF 25000)
OR
RS 50,000/-(MINIMUM TO BE PROVIDED)
CA. Bikash Bogi
(Expert)
03 September 2009
Changes had been made in this budget......Just go through the changes in the new income tax act.
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