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)
CAclubindia
