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Advance tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2016 in partnership firm income calculate after remuneration and capital interest ? means

Net Profit Before Capital Interest & Remuneration : 10,00,000/-

Interest on capital paid : 2,00,000/-

Remuneration : 3,00,000/

So Advance tax calulate on 10,00,000 or after deduction of Expenses means 5,00,000
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CA Mehta Ankur N.

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CA Mehta Ankur N. (Expert)
07 March 2016 After deduction of all interest & remuneration...

But pay advance tax on this income in partners hand.

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