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amendment of sec 40b(v)

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 May 2010 what is the limit of remuneration to partners based on profits that is relevant for may,2010 exams?
is it on the first 1lac profits-50000 or 90% of book profits
or
on the first 3lac profits-150000 or 90% of book profits??????
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 May 2010 On the first 3lac profits-150000 or 90% of book profits as the same is applicable for A. Y. 2010 - 11 relevant for exams
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 May 2010 On the first 3lac profits-150000 or 90% of book profits as the same is applicable for A. Y. 2010 - 11 relevant for exams
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