Profit earned during the year by a partnership firm is ₹ 1,40,000. The maximum amount of remuneration deductible from profit is

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Question:Profit earned during the year by a partnership firm is ₹ 1,40,000. The maximum amount of remuneration deductible from profit is

1.₹ 1,26,000

2. ₹ 1,40,000

3.₹ 1,50,000

4. ₹ 50,000

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  1. Profit earned during the year by a partnership firm is ₹ 1,40,000. The maximum amount of remuneration deductible from profit is
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