remuneration to partner
Querist : Anonymous
So previous partnership deeds need changes in remuneration clause.
1.ON THE FIRST RS.300000- OF BOOK PROFITS
=> 90% OF THE BOOK PROFITS OR RS 150000
WHICHEVER IS MORE
2.IN RESPECT OF BOOK PROFITS MORE THAN RS.300000-
=>60%
FOR YOUR RFERENCE,EARLIER PROVISIONS WERE:
1.ON THE FIRST RS. 75000- OF BOOK PROFITS
=> 90% OF THE BOOK PROFITS OR RS 50000
WHICHEVER IS MORE
2.IN RESPECT OF NEXT RS.75000 BOOK PROFITS
=> 60%
3.IN RESPECT OF BALANCE
=> 40%
Querist : Anonymous
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