Interest to partner
This query is : Resolved
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
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
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.
20 March 2015
CAN MR.B STILL ABLE TO TAKE INTEREST AFTER THE DEATH OF MR.A,TILL THE FORMATION OF NEW DEED
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
20 March 2015
THEN SIR WHAT ABOUT MR.A CAPITAL IN FIRM ON THE DATE OF HIS DEATH. IS HE ABLE TO GET INTEREST?.
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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