In case of loss, a partnership firm may claim deduction in respect of – McqOptions

MCQOPTIONS

1.	In case of loss, a partnership firm may claim deduction in respect of remuneration to partner to the extent of:
A.	Rs. 1,50,000/-
B.	Rs. ,50,000/- or remuneration paid, whichever is lower
C.	Rs. 1,50,000/- or 90% of book profit, whichever is lower
D.	Nil
Answer» C. Rs. 1,50,000/- or 90% of book profit, whichever is lower

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