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Partners remuneration I llp
I am a partner in an LLP firm. I have a partner besides me. There are 170000 profits this year ( BEFORE TAX). How many rupees can we take as remuneration?
Replies (2)
For pft upto 300000, 90% of Book profit or 270000 whichever is higher & for remaining 60% of book profit.
In my case profit 170000
can I book remuneration of rsc150000
can I book remuneration of rsc150000
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