The book profit of a partnership firm is ₹ 1,20,000. The actual remuneration paid to working partners is ₹ 3,54,000. The allowable deduction under Section 40(b) towards remuneration to partners is

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Question:
The book profit of a partnership firm is ₹ 1,20,000. The actual remuneration paid to working partners is ₹ 3,54,000.
The allowable deduction under Section 40(b) towards remuneration to partners is

1.₹ 1,50,000

2. ₹ 3,54,000

3. ₹ 1,08,000

4. ₹ 1,20,000

Posted Date:-2022-08-28 04:28:20

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