Partnership firm

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Querist : Anonymous

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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.

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.

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2015 but sir, any one remuneration or interest.

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?


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