what is the limit of remunaration
Nishu Kotian (332 Points)
27 August 2019
partner remunaration limit is per month 25 or 30k
1 Replies
Kapadia Pravin
(17259 Points)
Replied 27 August 2019
(a) on the first Rs.3,00,000 of the book-profit or in case of a loss Rs.1,50,000 or at the rate of 90 per cent. of the book-profit, whichever is more;
(b) on the balance of the book-profit at the rate of 60 per cent.
(b) on the balance of the book-profit at the rate of 60 per cent.
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