The net profit of a partnership firm is Rs. 2027266, whether it can charge Rs. 300000/- as remunearation to partner????
ALOK RATNA (CHIEF CONSULTANT) (190 Points)
22 September 2011The net profit of a partnership firm is Rs. 2027266, whether it can charge Rs. 300000/- as remunearation to partner????
Vikas
(CA)
(1135 Points)
Replied 23 September 2011
Ankit
(Final Student)
(101 Points)
Replied 23 September 2011
Agree with Mr. Vikas. The maximum remuneration that can be charged is 13,06,360/-. It cannot exceed that. But it can be anything below the maximum.
follow this calculator
https://taxbykk.blogspot.com/2011/07/fastest-calculator-of-max-remuneration.html
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