Menu
salary to partners
Is there any limit of salary for partners in partnership firm?
Replies (2)
Yes. check section 40(b) of I T act...... or refer: section-40b
On First 300000 Book Profit or if loss then 150000 or 90% of profit whichever is higher.....
On balance profit 60% of book profit
Recent Threads
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
Related Threads
CAclubindia
