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)
03 September 2009
Changes had been made in this budget......Just go through the changes in the new income tax act.
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
