A non-professional firm ABC and Co. has book profit of ₹12,38,000 in previous year 2021-22. The admissible remuneration to working partner for income tax purpose shall be __________ for the Assessment Year 2022-23.
CS Executive · Tax Laws · PYQS · June 2022
A non-professional firm ABC and Co. has book profit of ₹12,38,000 in previous year 2021-22. The admissible remuneration to working partner for income tax purpose shall be __________ for the Assessment Year 2022-23.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax Act, 1961
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