Dear All
Can someone please email me in excel prefrably as to how to compute remuneration to partners as per IT act
Regards
Menu
Partnership firm remuneration
Replies (2)
sorry, i don't know how it posted here
Its quite simple- you can make a spreadsheet of your own-
the rule is as follows:
a) On the first Rs. 75,000 of _ Rs. 50000 or @ 90% of book profit, whichever
the book profits is more
b) On the next Rs. 75,000 _ @ 60%
c) On the balance of _ @ 40%
book profit
Recent Threads
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
Related Threads
CAclubindia
