Partner Remunaration
This query is : Resolved
29 May 2009
I am an accoutant.
I have Query about Partner Remunaration.
One entity have partnership firm. A partnership firm get Interest income Lot on EMD(Earnest Money Deposit) Interest . so can we calculate Remunaration for this Income for Book Profit ?
I have Query about Partner Remunaration.
One entity have partnership firm. A partnership firm get Interest income Lot on EMD(Earnest Money Deposit) Interest . so can we calculate Remunaration for this Income for Book Profit ?
29 May 2009
Yes, this has to be included in your book profit for calculating REmuneration limits
29 May 2009
Agree with Kedar
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