Profit @ 8%
This query is : Resolved
21 April 2015
In case of partnership firm showing profit @ 8% includes partner's remuneration and interest on partner's capital or does not include partner's remuneration and interest on partner's capital.
22 April 2015
Please Reply. It's Urgent.
22 April 2015
Dear Abhishek Chaudhary,
Section 44AD allows to deduct Partner's Remuneration & Interest on Partner's Capital from the 8% Profit of the Firm.
Section 44AD allows to deduct Partner's Remuneration & Interest on Partner's Capital from the 8% Profit of the Firm.
22 April 2015
Dear Abhishek Chaudhary,
Section 44AD allows to deduct Partner's Remuneration & Interest on Partner's Capital from the 8% Profit of the Firm.
Section 44AD allows to deduct Partner's Remuneration & Interest on Partner's Capital from the 8% Profit of the Firm.
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