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The Book Profit of a firm is 325600/- What is the allowable
remuneration to the working partners
If it is a business firm
If it is Professional Firm
and also let me know under what section

Answer Posted / vikash verma

IF IT IS A BUSINESS FIRM, ALLOWABLE REMUNERATION TO
PARTNERS IS RS. 182740.00

IF IT IS A PROFESSIONAL FIRM, ALLOWABLE REMUNERATION TO
PARTNERS IS RS. 193240.00

Is This Answer Correct ?    3 Yes 8 No



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