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remuneration to partner

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(Querist)
02 April 2010 what will be allowable limit of remuneration to partner for the Asssessment year - 2010-11
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
02 April 2010 BOTH FOR PROFESSIONAL AND NON PROFESSIONAL

IF BOOK PROFIT IS NEGATIVE- 1,50,000/-,
IF BOOK PROFIT IS POSITIVE -
ON FIRST RS. 3LACS - 90% OR 150000/- WEH,
BALANCE OF BOOK PROFIT - 60%,

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