Partnership firm remuneration

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   

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