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Change in partner salary
If we change partner salary, then what is the legal compliance we have to do like (any supplements deed we have to make )??
Replies (7)
File the revised deed with return.
I want to change the salary for coming month I.e from July 2020
Amend the deed suitably and proceed.
How to amend?
I mean whether is should be notarized?
I mean whether is should be notarized?
It's up to you not compulsory.
If you'd provided in the original deed that the partners shall mutually decide every year the salary subject to sec 40(b) of the IT Act then no need.
it depends on what is stated in the deed.
it depends on what is stated in the deed.
Yes you may do the necessary amendments
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