Whether minimum share of profit of partner defined?
This query is : Resolved
23 December 2013
Is there any minimum rate of share of profit for incoming partner defined in Chartered Accountant Act?
If yes, what is the minimum percentage of share in profit to be given to incoming partner??
URGENT.....!!!!
If yes, what is the minimum percentage of share in profit to be given to incoming partner??
URGENT.....!!!!
24 December 2013
no it is not defined. you keep it as low as 0.01% or 0.001% !!
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