A partnership firm had net profit of ₹ 6,20,000 before deducting interest on capitals to partners @ 1596 of ₹ 1,50,000 and working partners salary of ₹ 1,80,000 (as per deed of partnership) total income of firm chargeable to tax with the –

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Question:A partnership firm had net profit of ₹ 6,20,000 before deducting interest on capitals to partners @ 1596 of ₹ 1,50,000 and working partners salary of ₹ 1,80,000 (as per deed of partnership) total income of firm chargeable to tax with the –

1. ₹ 1,10,000

2. ₹ 3,20,000

3. ₹ 2,90,000

4. ₹ 1,00,000

Posted by R4R Team
  1. A partnership firm had net profit of ₹ 6,20,000 before deducting interest on capitals to partners @ 1596 of ₹ 1,50,000 and working partners salary of ₹ 1,80,000 (as per deed of partnership) total income of firm chargeable to tax with the –
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