Interested to Buy Any Domain ? << Click Here >> for more details...
Calculate Maximum allowable remuneration to working
partners as for section 40b of the Income Tax Act
1. In case of professional firm''
2. Incase of Business Firm
- 6 Answers
- 33905 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ankush
In case of professional Firm
* On the first 300000 of the book profit 90% on 150,000
which ever is more
* On the balance 60%
2.In case of Business Firm
Same as above
| Is This Answer Correct ? | 105 Yes | 19 No |
Answer / kubendran
In case of professional Firm
* On the first 300000 of the book profit 90% on 150,000
which ever is more
* On the balance 60%
2.In case of Business Firm
Same as above
| Is This Answer Correct ? | 36 Yes | 7 No |
Answer / naveengokarapu@gmail.com
1.In case of professional Firm
* On the first 1,00,000 of the book profit 90% on 50,000
which ever is more
* On the next 1,00,000 of the book profit 60% + 90,000
* On the balance 40% +1,50,000
2.In case of Business Firm
* On the first 75,000Rs of book profit 90% of the book
profit or 50,000 which ever is more.
* On the next 75,000 rs 60% + 67,500
* on the balance 40% + 1,12,500 rs
| Is This Answer Correct ? | 74 Yes | 52 No |
Answer / laxman
Book Profit Rs. 3,00,000 in my firm
how much Parters Remuneration
send me answer
Business firm
| Is This Answer Correct ? | 25 Yes | 5 No |
Answer / pintu mishra
first 2 lacs it is 1.5 lac and then on balance will calculate 40%.
| Is This Answer Correct ? | 17 Yes | 21 No |
Answer / sarat badatiya
1.In case of professional Firm
* On the first 1,00,000 of the book profit 90% on 50,000
which ever is more
* On the next 1,00,000 of the book profit 60% + 90,000
* On the balance 40% +1,50,000
2.In case of Business Firm
* On the first 75,000Rs of book profit 90% of the book
profit or 50,000 which ever is more.
* On the next 75,000 rs 60% + 67,500
* on the balance 40% + 1,12,500 rs
| Is This Answer Correct ? | 11 Yes | 19 No |
What are events occuring after the balancesheet date?
What Will Be The Journal Entry In Case Of Credit Note In The Books Of The Sender?
How do you value freehold property investment assets?
Short Answer on ______Amortization
What is the journal entry for credit purchases.
what is day book and how it is different from ledger
what is bank rate
Explain "debit what comes in credit what goes out"
The opening Capital of a concern is Rs.30000/- owner withdral for personal use Rs.28000/- Closing capital balance of concern is Rs.37000/- choose the correct answer from the following. 1.Net Loss Rs.14000/- 2.Net Profit Rs.35000/- 3.Net profit Rs.14000/- 4.Net Loss Rs.35000/-
What is the working formula for Inventory turnover
What is the Technology used to carry out trades?
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
Audit 
