In a partnership firm if it is having huge loss then when we calculate it's book profit if it comes to below 75000..
then how can we calculate remuneration payble to partner..
Menu
Remuneration payable to partners
Replies (2)
Deliver as per rasio.
As per section 40(b)
If your Book profit is below Rs.300000, you have to pay remuneration 150000 or 90% of book profit whichever is higher
And above Rs.300000 60% of Book profit
If your Book profit is below Rs.300000, you have to pay remuneration 150000 or 90% of book profit whichever is higher
And above Rs.300000 60% of Book profit
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
