Please Help: Remuneration to Partners in Firm as per Income Tax related to AY 2014-15
Posted Date : 30-Jan-2015 , 02:46:00 pm | Posted By: Mayank Sethi
Category :
Income Tax | Answers :
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Comments :
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What is Remuneration Slab is allowable to partners in Partnership firm as per Income Tax related to AY 2014-15? |
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| Posted By : Mayank Sethi |
03-Feb-2015, 12:52:33 |
| Thank You Sir. |
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| Posted By : Vijeta Nathani |
30-Jan-2015, 03:09:50 |
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On the 1st 3 Lakhs of the Book Profit
or
In case of Loss, It should be Rs. 1,50,000/-
or
90% of the Book Profit
w.e. is more.
On balance Book Profit(i.e. Above 3,00,000),
60% of Book Profit.
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