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Parteners salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 October 2011 how we can distribute partners salary in partnership firm

18 October 2011 SALARY CAN BE DISTRIBUTED TO WORKING PARTNERS AS PER PARTNERSHIP DEED SUBJECT TO CONDITIONS OF SEC 40B

1. SALARY UPTO 150000
2. 90% OF BOOK PROFIT UPTO RS. 300000.

WHICHEVER IS HIGHER.




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