Profit sharing ratio
This query is : Open
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
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31 May 2016
under partnership act PROFIT SHARE ratio will be fixed and to written in partnership deed.
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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.
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