How to caluclate the partners remuration

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Dear sir


How to calculate the partners remuration. please clarified tis problem.

 

Thanking you.

G.O.Reddy

Replies (1)

(a) on the first 3,00,000 of the book-profit or in case of a loss

Rs.1,50,000 or at the rate of 90 percent of the book-profit, whichever is more;

(b) on the balance of the book-profit

at the rate of 60 percent.


CCI Pro

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