Easy Office
LCI Learning

40b calculation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 July 2016 In the calclation of Partners remuneration under 40b,how to treat the following ?
1,Interest income from firm's bank FD
2,Interest income from firm's Kuri FD
3,Interest on firm's Income tax refund
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
07 July 2016 The interest mentioned above form part of profit.
Profile Image

Soumitra Basu

Profile Image

Soumitra Basu (Expert)
07 July 2016 THAT IT IS TO MEAN THAT THESE ARE BUSINESS INCOME AND REMUNERATION AND INTEREST WITHIN THE LIMIT OF SECTION 40(b)
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links