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remuneration to partners (urgent)

This query is : Resolved 

23 September 2009 for calculating remuneration to partners, how is the effect to be given for allowances & disallowances

what will be the effect in following example?

net profit as per P&L rs 1500000/-
exp. disallowed during the year rs 20000/-
exp. disallowed in last year allowed in current year rs 5000/-

partners A B C
p.s. ratio 25% 25% 50%

24 September 2009 150000+20000-5000=165000 ( book profit for sec 40(b) ) calculate rem accordingly



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