in a firm of 3 partners
business loss rs 440000 A.Y 2017-18 before allowance of partners salary.The firm paid rs 120000 salary to each.
the business income after deduction of salary.
firm loss
Replies (3)
As there is a loss, total remuneration permissible will be 1,50,000.
i.e. total loss = 590000 ?
| Originally posted by : Kajal Khetwani | ||
 |
i.e. total loss = 590000 ? |  |
Yes.
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