If there is loss (book profit is negative) then whether it is necessary even to pay 1.50lacs?
Remuneration under 40b in case of loss
(Guest)
2 Replies
Anupreksha Thote
(CA)
(285 Points)
Replied 01 June 2012
Ceilings mentioned for remuneration u/s 40b are maximum limits and not manadatory..
CA Hemang Shah
(PRACTICE)
(658 Points)
Replied 01 June 2012
Yes eventhough its loss in business 1.50 lakh remuneration have to paid.
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