Salary to partners

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2013 If profit is Rs.70000/- only
what will be salary to partners.

CA Kapil Verma (Expert)
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10 August 2013 Rs 150000/- or 90% of profit whichever is more

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2013 Whether it will be 63000 or 150000????

CA Kapil Verma (Expert)
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10 August 2013 go for 150000

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2013 P&L will show loss then....?????

CA Kapil Verma (Expert)
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10 August 2013 No problam, AMT will not apply

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