30 December 2013
I need a clarification
Suppose, there is debit of Rs. 350000/-. to the PL a/c
and maximum Remuneration allowable as per 40b is Rs. 400000/-
Will the whole amount of Rs.350000/- is allowed which is debited to PL
Or
Rs.4000000/- would be allowed I.e. extra Rs. 50000/-
Kindly get it clarified
CAclubindia
