Menu
partnership firm
partnership firm net profit 8% declare is after remunaration and interest and capital or before
Replies (3)
after remuneration and interest
After remuneration and Interest
If turnover consists of receipts in digital mode then you can declare profit @ 6% to that extent.
But calculation of profit will be on Net profit as reduced by Remuneration & interest to partners
But calculation of profit will be on Net profit as reduced by Remuneration & interest to partners
Recent Threads
- Service availed ITC query
- How do I purchase Copper Clues games in Kolkata?
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
- GSTR-3B Relationship
Related Threads
CAclubindia
