When a partnership firm has total sales of ₹ 90 lakhs, the maximum amount deductible as the salary of working partners on the basis of presumptive income determined u/s 44AD is

CBES Board Class 11 - Online Exam Test Papers | CBES Board Class 11 - MCQs[multiple choice questions and answers ] | CBES Board Class 11 - Mock Test Papers | CBES Board Class 11 - Practice Papers | CBES Board Class 11 - Sample Test Papers |

Question:
When a partnership firm has total sales of ₹ 90 lakhs, the maximum amount deductible as the salary of working partners on the basis of presumptive income determined u/s 44AD is

1.₹ 5,22,000

2. ₹ 3,60,000

3. ₹ 3,30,000

4. Nil

Posted Date:-2022-08-28 04:27:24


More MCQS Questions and answers

Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!