What is the maximum Remuneration to Partners in LLP (Limited Liability Partnership)?






Ishita Ramani Ishita Ramani
Answered on April 14,2022

Maximum Remuneration to Partners in LLP (Limited Liability Partnership)

 

Partners’ remuneration shall not exceed the following amount:

On the first Rs. 3 lakhs of book profit or, in the event of a loss, Rs. 1,50,000 or 90% of book profit, whichever is greater; on the remainder of the book profit – 60% of book profit.

The annual interest rate due to partners shall not exceed 12%.


tesz.in
Hey , can you help?
Answer this question