what is the salary ratio for partners in firm for financial year 2010-11
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| Originally posted by : DEOL SUNNY | ||
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what is the salary ratio for partners in firm for financial year 2010-11 |
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a) on the first Rs. 3,00,000 of the book-profit or in case of a loss
.
Rs. 1,50,000 or at the rate of 90 per cent of the book-profit, whichever is more
.
b) on the balance of the book-profit
.
at the rate of 60 per cent
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