31 May 2016
Is it possible to fix profit sharing ratio on fluctuating basis in parternship deed?.. Correct me, if wrong partnership act provides for fixed PSR only..Kindly advise
31 May 2016
you have to keep fixed PSR. However you can add a clause in deed that PSR will be revised from time to time basis with mutual consent of all partners and an additional supplement deed should be executed in this regard.
CAclubindia
