salary to partners
Nilesh Shinde (56 Points)
25 August 2017
Is there any limit of salary for partners in partnership firm?
Nilesh Shinde (56 Points)
25 August 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 25 August 2017
Yes. check section 40(b) of I T act...... or refer: section-40b
Dixit
(CA Final)
(2405 Points)
Replied 25 August 2017
On First 300000 Book Profit or if loss then 150000 or 90% of profit whichever is higher.....
On balance profit 60% of book profit
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