Profit sharing ratio

557 views
User Avatar

article assistant
499 Points Posted on 18 May 2023
in a partnership deed can the profit sharing ratio will be 80%
10%
10%
0 Reply Share Follow
On 18 May 2023 at 19:18 Report
Replies (3)
Quick Summary
This discussion clarifies that profit sharing ratios in a partnership deed can be set to any percentage agreed upon by the partners, such as 80/10/10. The key is mutual agreement, as outlined in the partnership agreement. It's advisable to refer to the Partnership Act 1932 for further guidance on these arrangements.

User Avatar

210 Points Posted on 18 May 2023
The profit sharing ratio can be anything which is mutually agreed by partners
Reply
On 18 May 2023 at 19:29
User Avatar

GST Practitioner & Accounts
15140 Points Posted on 18 May 2023
You have to refer partnership Ship Act 1932
Reply
On 18 May 2023 at 19:32
User Avatar

Profession Business
28246 Points Posted on 19 May 2023
As per partnership agreement.
Reply
On 19 May 2023 at 08:57

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading