PARTNERS REMUNERATION
This query is : Resolved
08 May 2010
ONE OF MY CLIENT IS HAVING A LOSS AS PER INCOME TAX CALCULATION.
AS FAR AS PARTNER'S REMUNERATION IS CONCERNED IN CASE OF LOSS & WHERE PARTNERSHIP DEED PROVIDES , WHETHER HE CAN CLAIM MIN AMT. OF REMUNERATION RS.50000.00 REMUNERATION UPTO 30-9-2009 & AFTER THAT DUE TO CHANGE IN PROVISION HE CAN CLAIM RS. 150000.00 REMUNERATION FOR REMAINING SIX MONTH.
IN TOTAL, RS. 25000.00 FOR FIRST SIX MONTH AND RS. 37500.00 FOR REMAINING SIX MONTH CAN BE CLAIMED AS ALLOWABLE REMUNERATION ?
AS FAR AS PARTNER'S REMUNERATION IS CONCERNED IN CASE OF LOSS & WHERE PARTNERSHIP DEED PROVIDES , WHETHER HE CAN CLAIM MIN AMT. OF REMUNERATION RS.50000.00 REMUNERATION UPTO 30-9-2009 & AFTER THAT DUE TO CHANGE IN PROVISION HE CAN CLAIM RS. 150000.00 REMUNERATION FOR REMAINING SIX MONTH.
IN TOTAL, RS. 25000.00 FOR FIRST SIX MONTH AND RS. 37500.00 FOR REMAINING SIX MONTH CAN BE CLAIMED AS ALLOWABLE REMUNERATION ?
08 May 2010
PARTNERS REMUNERATION
09 May 2010
In Income tax, the min. salary which can be given is Rs.50000 for the year in case of loss, excess would be disallowed....
11 May 2010
As per recent changes in amendment to min. remuneration will it be same amount of Rs.50000.00 is applicable for the loss in firm or the revised limit of Rs.150000.00 will apply.?
11 May 2010
this new change will be applicable w.e.f. from 01-04-2010
this new change will be applicable w.e.f. from 01-04-2010
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
