partnership firm
Nishu Kotian (332 Points)
30 August 2019
partnership firm net profit 8% declare is after remunaration and interest and capital or before
3 Replies
Kapadia Pravin
(17259 Points)
Replied 30 August 2019
If turnover consists of receipts in digital mode then you can declare profit @ 6% to that extent.
But calculation of profit will be on Net profit as reduced by Remuneration & interest to partners
But calculation of profit will be on Net profit as reduced by Remuneration & interest to partners
Recent Topics
- Difference between Accrued Revenue and un earned r
- Calculate profitability on particular project
- Hsn code and rate Ground nuts cake
- Pvt ltd company sale ltcg.
- Auto-population failed on 9th Jan 2025 and showing
- RCM payment Due Date
- 2B ITC reconciliation
- Rent received NRI in lieu displacement due to rede
- Restrictions in ITC
- 27Q Confirmation Notice from IT Department
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
