Law

400 views
User Avatar

audit staff
1203 Points Posted on 04 February 2014

dear sir ,

           whether partnership firm is mandatory take partners salalry & interest on pat capital. if deed mention partners take salary & interst on partner capital but partners shall not take theses two income . is it correct or not pls. reply me clearly

 

0 Reply Share Follow
On 04 February 2014 at 12:39 Report
Replies (1)
User Avatar

professional
1618 Points Posted on 12 February 2014
act says 6% intrest on partners capital can take if profit sharing not specified then equally otherwise as per deed ,can take both intrest and salary or say profit no issue
Reply
On 12 February 2014 at 15:20

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Is DIR-3KYC Needed
  2. Looking for a study buddy intermediately Jan 2027
  3. How to correct a NIL GST return filed by mistake w
  4. Is it legally permissible not to report F&O lo
  5. Query on FCTRS
  6. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  7. Advance for supply of goods
  8. Question for members: how do you manage client doc
  9. Clarification Required on Invoicing and Receipt of
  10. SEBI Registered VS NSDL Registered RTA

More recent discussions | Post

Related Topics :

Loading