Allocation of Sallary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2010
i want to know about how i can distrubuted Salary Among the partner as per assesment year 2010-11
31 August 2010
according to section 40 (B)
the payment of remuneration should not exceed the following amt
(a) on the first 3,00,000 of book profit or in case loss ---> rs.1,50,000 or @ 90% of book profit wich ever is more.
(b) on the balance book profit ---> @ 60%
the payment of remuneration should not exceed the following amt
(a) on the first 3,00,000 of book profit or in case loss ---> rs.1,50,000 or @ 90% of book profit wich ever is more.
(b) on the balance book profit ---> @ 60%
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2010
thanks for answer
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