decucions under the head PGBP
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 February 2010
what is the new limits for calculating the book profit of partnership firm
22 February 2010
New limit are as follows u/s 40(b):
On First Rs. 3,00,000 - Rs. 1,50,000 or 90%, whichever is higher.
On balance book profit - 60% of Balanced Book profit
Regards!!!
Dinesh S. Adhikari
On First Rs. 3,00,000 - Rs. 1,50,000 or 90%, whichever is higher.
On balance book profit - 60% of Balanced Book profit
Regards!!!
Dinesh S. Adhikari
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