Maximum remuneration to partners in partnership firm

Mr. A & Mr. B are CAs having a partnership firm which had clause of maximum possible remuneration in partnership deed. Profit before remuneration is Rs. 10,00,000. what is the total income of the partnership firm after giving maximum possible remuneration to partners?

a) 4,00,000

b) 6,00,000

c) 2,70,000

d) 7,30,000

Replies (1)

90% of first 300000 and 60% for balance. Since the profit comes to Rs. 3,10,000/-

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