Calculation of book profit

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akshaya (Querist)
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19 August 2012 In computation of Book Profit ,which expenses and incomes should be allowed and Disallowed for providing Remuneration to Partners as per calculation given in sec 40(b)?

What if ,
Net Profit as per books=1,00,000
It is arrived after deducting/adding following expenses and Incomes-
1.Donation -5,000
2.Loss on sale of Asset -25,000
3.Profit on sale of Investment -15,000
4.TDS not paid till the due date of Return filing-2,000
5.Depreciation as per Books-34,500
6.Dividend of Rs. 5,000

Note:
1.No remuneration is already paid to partners and interest is paid subject to 12% only.
2.Depreciation as per IT Act is Rs.43,500
3.Unabsorbed Depreciation -75,000
4.Brought Forward Business Loss -1,35,000

Please provide maximum allowable remuneration as per sec 40(b).