WebMar 16, 2024 · Ravi and Tiku are partners in a firm. According to their partnership deed : (i) Interest on capital will be allowed @ 5% per annum. (ii) Interest on drawings will be charged @ 4% per annum. (iii) Each partner will be given a salary of ₹ 1,000 per month. (iv) Partners will share profits and losses in the ratio of 2 : 1. 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.
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WebMar 31, 2016 · Click here👆to get an answer to your question ️ Raju and Ravi are partners sharing profits and losses in the ratio of 3:2 . Their Balance Sheet as on 31 - 3 - 2016 was as follows: Balance Sheet as on 31 - 3 - 2016LiabilitiesRs.AssetsRs.Creditors20,000Cash at hand 5,000Bills Payable10,000Bills receivable 15,000Bank loan … 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 … ts525tu chief
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WebNov 13, 2024 · Updated on 13.11.2024Today I shall mention the first five and the rest of the five will be taken tomorrow. To know further details, please use the backlinks WebRavi Mulugu, the engineer turned investor, is a Partner at UL Ventures, the Venture Capital arm of Underwriters Laboratories. He focuses on early-stage venture investments related to Cybersecurity… WebCarter-Ruck represented businessman Arvind Tiku in a data protection claim against S-RM Intelligence and Risk Consulting Limited [S-RM], a due diligence firm which had prepared reports for clients for KYC purposes which contained serious inaccurate allegations about Mr Tiku. The reports repeated false allegations made about him by third parties ... phillip thomas obituary