The actual remuneration paid to the partners for the year is Rs. 1,56,000. The amount of remuneration permissible under Sec: 40(b) is:
A. Rs. 1,56,000
B. Rs. 72,190
C. Rs. 64,971
D. Rs. 1,50,000
Answer:D
The actual remuneration paid to the partners for the year is Rs. 1,56,000. The amount of remuneration permissible under Sec: 40(b) is:
A. Rs. 1,56,000 B. Rs. 72,190 C. Rs. 64,971 D. Rs. 1,50,000