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
What is Remuneration Slab is allowable to partners in Partnership firm as per Income Tax related to AY 2014-15?
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 1177
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Vijeta Nathani
30-Jan-2015 , 03:09:50 pmOn 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.
Mayank Sethi
03-Feb-2015 , 12:52:33 pmThank You Sir.