Profit sharing ratio
This query is : Open
CA PRASHANT MISHRA
(Querist)
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
Message likes :
1 times
Rupesh Jain
(Expert)
31 May 2016
under partnership act PROFIT SHARE ratio will be fixed and to written in partnership deed.
Message likes :
1 times
CA Rohit Jain
(Expert)
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Query on effect of registration of property
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Additional trade name
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
