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Remuneration to partner


KIYOSH (TAX CONSULTANT)     18 June 2011

KIYOSH
TAX CONSULTANT 
 15 likes  332 points

| My Other Post

REGARDING PARTNERSHIP FIRM

NET PROFIT OF PARTNERSHIP FIRM IS 10 LAC. FIRM IS ALSO HAVING FIXED DEPOSIT WITH BANK & INT RECD ON IT IS 1 LAC. TOTAL INCOME OF THE FIRM IS 11 LAC.

NOW MY QUESTION IS SHALL I COMPUTE REMUNERATION TO PARTNER ON 10LAC OR 11 LAC.

THANKS IN ADVANCE

KIYOSH

avater

vipul patel (Ahmedabad)     18 June 2011

vipul patel
Ahmedabad 
 40 likes  320 points

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take 11lacs

avater

CA ADITYA SHARMA (CA IN PRACTICE )     18 June 2011

CA ADITYA SHARMA
CA IN PRACTICE  
 2145 likes  16719 points

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ON 11LACS                                            

avater

CA Anshu Agarwal (B€ @LW@¥$ ]-[@Pp¥)     20 June 2011

CA Anshu Agarwal
B€ @LW@¥$ ]-[@Pp¥ 
 118 likes  1832 points

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remuneration allowable is based on book profit

so you can consider 11 lakh

 



B€ @ LW @ ¥$ ]-[ @ Pp¥


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