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8 profit before allowing interest /remuneration or after allowing interest/remuneration

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44 Points Posted on 06 August 2022
In case partnership firm having eligible business for sec 44AD. Minimum 8% profit to be declare is before allowing interest and remuneration of partners or after allowing interest and remuneration of partners ??
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On 06 August 2022 at 01:42 Report
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180 Points Posted on 06 August 2022
After allowing all remuneration profit must be 8%/6%
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On 06 August 2022 at 08:16
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Chartered Accountant
86505 Points Posted on 06 August 2022
8% is after allowing all expenses including remuneration & interest
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On 06 August 2022 at 09:00
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3145 Points Posted on 06 August 2022
Agree with Honourable CA Rashmi Gandhi mam
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On 06 August 2022 at 09:25
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2 Points Posted on 03 September 2025

8% profit should relate to book profit in case of firm before allowing remuneration  to partner as remuneration  can be taxed in partners individual return

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On 03 September 2025 at 12:30


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