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Change in partner salary

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student
73 Points Posted on 07 June 2020
If we change partner salary, then what is the legal compliance we have to do like (any supplements deed we have to make )??
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On 07 June 2020 at 16:58 Report
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Student
1321 Points Posted on 07 June 2020
File the revised deed with return.
6 Reply
On 07 June 2020 at 17:08
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student
73 Points Posted on 07 June 2020
I want to change the salary for coming month I.e from July 2020
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On 07 June 2020 at 17:10
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Student
1321 Points Posted on 07 June 2020
Amend the deed suitably and proceed.
6 Reply
On 07 June 2020 at 17:42
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student
73 Points Posted on 07 June 2020
How to amend?

I mean whether is should be notarized?
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On 07 June 2020 at 17:44
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Student
1321 Points Posted on 07 June 2020
It's up to you not compulsory.
6 Reply
On 07 June 2020 at 17:48
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Practising Chartered Accountant
1527 Points Posted on 07 June 2020
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.
5 Reply
On 07 June 2020 at 18:50
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4215 Points Posted on 07 June 2020
Yes you may do the necessary amendments
12 Reply
On 07 June 2020 at 22:02


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