Partnership firm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2015 dear experts.

i have a query regarding partnership firm

that partner take remuneration but not taking interest on capital investment that is possible or not.

Amol S Joglekar

Amol S Joglekar (Expert)
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29 November 2015 yes, it is quite possible.

The ICSBR viz interest, commission, salary, bonus, remuneration is to be given as per the PARTNERSHIP deed.

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2015 but sir, any one remuneration or interest.

Amol S Joglekar

Amol S Joglekar (Expert)
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29 November 2015 yes, possible. Why are you so scared?

it is the discretion of the partners and let them enjoy that. Whether to take salary and/or interest and/or bonus.... it is the discretion of partners... isn't it?