Law

394 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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Due date for itr 5 no audit with loss for fy 25 26
  2. Capital Gains Mismatch AIS
  3. Inward E-way bill from Tally Prime 7.1
  4. Query regarding exemption under Section 10(10AA) &
  5. NPO registered under sec 8 itr filing
  6. Form 144 (Earlier 27Q) – Reason Code (A/C/G/
  7. Nps taxation
  8. Representative assessee
  9. Investment Income as Business Income for Sec. 44AD
  10. In ITR 4 u/s 44ADA what amount we shoud show under

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
29 July 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Follow