Partnership firm
Nishu Kotian (332 Points)
09 January 2021
partnership firm 8% is share of profit or before interest and remuneration
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 09 January 2021
8% profit should be made before partner's share of profit and remuneration
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 09 January 2021
No intt or exp allowed against 8 % income . it flat taxable after chapter VI deduction
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