A non-professional firm M/s Bright has book profits of ₹9,36,000. The admissible remuneration to working partners for income-tax purpose shall be

CS Executive · Tax Laws and Practice · PYQS · June 2015
A non-professional firm M/s Bright has book profits of ₹9,36,000. The admissible remuneration to working partners for income-tax purpose shall be
(A) ₹6,51,600
(B) ₹6,81,600
(C) ₹2,70,000
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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