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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2013 Dear Sir,
A partnership firm was incorporated in 2006 and salary clause in partnership deed is accoding to that time prescription -
on the first - 75000/- 90%
on the next - 75000/- 60%

Now the precription for salary has been revised by the department.

Now in the above case whether the salary should be claim on old basis
or
Firm can claim salary on new basis.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
05 August 2013 The prescription should be in writing. The Medical Stores are not allowed to give medicines containing prohibited drugs.
.
A supplementary partnership deed (SPD) is required to be drafted in accordance with the new provisions.
.
The revised remuneration will be effective on or after the date of such SPD.
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