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what is the limit of remunaration

Nishu Kotian (332 Points)

27 August 2019

partner remunaration limit is per month 25 or 30k

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Kapadia Pravin (17254 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.

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