PARTNERS REMUNARETION
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2010
SIR PLEASE TELL ME THAT
NEW AMENDMENT AS PER FINANCE ACT 2009
PARTNER REMUNERATION OF FIRST 300000 BOOK PROFIT 150000 OR 90% ,
BALANCE PROFIT 60%
IS APLICABLE NO A FIRM OTHER THAN PROFFESSIONAL FIRM ? AS PER SECTION 40
IF NO THEN PLEASE TELL ME ITS LIMIT
NEW AMENDMENT AS PER FINANCE ACT 2009
PARTNER REMUNERATION OF FIRST 300000 BOOK PROFIT 150000 OR 90% ,
BALANCE PROFIT 60%
IS APLICABLE NO A FIRM OTHER THAN PROFFESSIONAL FIRM ? AS PER SECTION 40
IF NO THEN PLEASE TELL ME ITS LIMIT
18 June 2010
Same rate for business and profession.
18 June 2010
It is applicable to all firms whether professional or not.
21 June 2010
agree
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2010
Thanku You to all of you for reply
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