Remuneration to patners

This query is : Resolved 

18 May 2009 if the book profit is Rs.55979/- what will be the remuneration 50000/- or 50381/-

18 May 2009 how you calculated 50381?

18 May 2009 Remuneration is 50,381/-


18 May 2009 Remuneration allowed to be paid will be 50000/- or 90% of Rs.55979/- which ever is more. 90% of 55979 come to Rs.50381/-.
So remuneration allowed is Rs. 50381/-. You can pay less or more. If paid more it will be disallowed under section 40

18 May 2009 AGREE WITH KEDAR PANDE

18 May 2009 yes of course that would be Rs.50381/-




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