Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Increase Limit for Remuneration and Salary to Partners : Budget-2023

Increase Limit For Remuneration And Salary To Partners : Budget-2023

Partnership firms are a popular form of business organization in India. One of the key considerations for Partnership Firms is the remuneration and salary paid to working partners. Currently, the remuneration to working partners is allowed at Rs. 1,50,000 or 90 percent of Book Profits whichever is more for the first Rs. 3,00,000 of book profits and at 60 percent of remaining book profits.However,



This post first appeared on SIMPLE TAX INDIA, please read the originial post: here

Share the post

Increase Limit for Remuneration and Salary to Partners : Budget-2023

×

Subscribe to Simple Tax India

Get updates delivered right to your inbox!

Thank you for your subscription

×