Hello Everybody,
When remuneration is calculated for partnership firm consider this situation,
if the total profit is Rs 75000/- and 90% first 75,000 of book profit = 67500/-
I want to know if there are two partners is the 67500 divided by the two partners equally (total remuneration Rs 67500)
or whether 67500 is taken equally by each partners (total remuneration Rs 135000)
Thanks in advance
90% of book profit can be given as total salary to all the partners.
that 67500/- should be divided between the partners
agreed with Vipul
Twenty Point Nine Five Ventures Private Limited
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Anupam Parashar & Co.
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Getmyca Consultant Pvt Ltd
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Subrahmanyam & Sivudu CA Firm
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CCI
Pro
CAclubindia
