Can compnay draw salary from a partnership firm?
This query is : Resolved
ABHISHEK JINDAL
(Querist)
24 April 2012
pls explain
can a company draw salary from a partnership firm?
can a company draw salary from a partnership firm?
Ajay Mishra
(Expert)
24 April 2012
Hi
Company is not a natural person so it can not draw remuneration. However, it can receive profit as per their ratio given in partnership deed.
Regards
Company is not a natural person so it can not draw remuneration. However, it can receive profit as per their ratio given in partnership deed.
Regards
ABHISHEK JINDAL
(Querist)
28 April 2012
THAKS SIR..
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