WebLeaders League provide Media & Business services for leaders. We provide strategic information, company rankings, B to B networking events. Web1. Rate of Income tax applicable to Partnership Firm / LLP. Flat rate of 30% on the total income after deduction of interest and remuneration to partners/Designated Partners at the specified rates + Surcharge of 12% if Total Income exceeds 1 Crore and will be further increased by education cess secondary and higher education cess @ 3% on Income-tax …
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WebAlongside its strong offering for transactional IP, Kochhar & Co. has patent and trade mark attorneys across its offices in India that assist its clients with filing and portfolio management. The firm manages the trade mark portfolios of several high-profile multinationals, including Emirates Airlines and Nissan, while patent attorney Tarvinder … WebInformation about Hari and ravi are partners in a firm they withdrew 6000 and8000 respectively from the firm at the end of each month .the intrest is charged @14/p.a. on their drowing the book of the firm are closed an 31st dec calculate the intrest on drowing of hari and ravi? covers all topics & solutions for Commerce 2024 Exam. canadian school of arts and science guyana
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WebTheir partnership deed provides for the following: (a) Partners are to be allowed interest on their capital @ 1 0 % per annum. (b) They are to be changed interest on drawings @ 4 % per annum (c) Asif is entitled to a salary of R s. 2, 0 0 0 per month. (d) Ravi is entitled to a commission of 5 % of the correct net profit of the firm before ... WebGive answer (D) if the data even in both Statements I and II together are not sufficient to answer the question. Give answer (E) if the data in both Statements I and II together are necessary to answer the question. 1. Ravi, Gagan and Nitin are running a business firm in partnership. What is Gagan's share in the profit earned by them? I. Web(d) Ravi is entitled to a commission of 5% of the correct net profit of the firm before charging such commission. (e) Asif is entitled to a rent of Rs. 3,000 per month for the use of his premises by the firm. The net profit of the firm for the year ended 31st March, 2024, before providing for any of the above clauses was Rs. 4,00,000. canadian school of gemology