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Remuneration for partner

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(Querist)
13 January 2015 if working partner is not in the place of business is he eligible for remuneration ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
13 January 2015 Yes.
The term "working" partner has to be construed in a BROADER sense.
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Rupesh Jain

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Rupesh Jain (Expert)
13 January 2015 yes, if he is working for firm and get order or collect payment for the firm business.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 January 2015 whether he is in place or not is not material aspect but he must be a working partner and been paid remuneration by firm is material
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CMA MUNIKOTI CHANDRA SEKHAR

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CMA MUNIKOTI CHANDRA SEKHAR (Querist)
13 January 2015 Partnership deed should contain clause regarding partners remuneration. It is irrelevent whether he is here or not.
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