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B.Com
134 Points Joined July 2013
in partnership firm turnover Rs.4000000/- part net remuneration is allowed u d 44AD
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On 20 May 2019 at 12:27 Report
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Professional
290 Points Joined January 2018

No remuneration to partners deductible, when firm assessed u/s. 44AD

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On 20 May 2019 at 12:37
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Self employed
2193 Points Joined March 2018
Finance Act 2016 has deleted the proviso appearing in Section 44AD (2), consequent to which, deduction of the partner's interest and salary is not further allowed for a partnership firm opting for presumptive scheme under Section 44AD of the Act.
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On 21 May 2019 at 11:42
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B.Com
134 Points Joined July 2013
on RS.4000000/- @ 8%= 320000/- tax 11856
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On 21 May 2019 at 11:58
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Accounts
308 Points Joined January 2018
 
  on RS.4000000/- @ 8%= 320000/- tax @ 31.2% ... Rs. 99840/-  

 

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On 21 May 2019 at 18:34

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