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
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/-
18 May 2009
Agree with experts
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