Dear All.
Please provide me , Partner Salary as income tax rule in a Partnership Firm
Menu
Partner Salary
Replies (2)
1.90% of first 75000 or 67500 whichever is higher,
60% of next 75000 or 45000 whichever is higher,
40% of balance book profit.
2.
1.90% of first 100000 or 90000 whichever is higher,
60% of next 100000 or 900000 whichever is higher,
40% of balance book profit.
1 - trading firm
2- professional firm
book profit= net profit + salary provided to partners.
CALUCLATION OF PARTNERS SALARY
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
