Interest to partner

This query is : Resolved

abhi jain (Querist)
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20 March 2015 SIR/MADAM
THERE IS ONE FIRM IN WHICH MR.A AND MR.B ARE ONLY TWO PARTNER. BEFORE THE CLOSE OF YEAR MR. A HAS DIED, IS MR.B IS STILL ENTITLED TO RECEIVED INTEREST AFTER THE DEATH OF MR.A

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2015 yes for past period till mr a was a partner in the fy mr b is eligible for int as per deed.

abhi jain

abhi jain (Querist)
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20 March 2015 CAN MR.B STILL ABLE TO TAKE INTEREST AFTER THE DEATH OF MR.A,TILL THE FORMATION OF NEW DEED

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2015 after death of mr a ,if thereis only mr b existging partner then no partnership firm exist and no int can be given to mr b

abhi jain

abhi jain (Querist)
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20 March 2015 THEN SIR WHAT ABOUT MR.A CAPITAL IN FIRM ON THE DATE OF HIS DEATH. IS HE ABLE TO GET INTEREST?.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2015 on date of death till death int is payable to both of them subject to rate as per deed.

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