During the previous year 2019-20 the book profits of a firm stood at Rs.…
PYQ TCS NQT 2024
During the previous year 2019-20 the book profits of a firm stood at Rs. 3,00,000 and the remuneration actually paid to the partners was Rs. 1,50,000. The maximum amount of remuneration allowable U/S 40 (b) is ____
- A.
Rs. 1,50,000
- B.
Rs. 2,70,000
- C.
Rs. 3,00,000
- D.
Rs. 1,80,000
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