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Applicability of as-7

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 March 2013 Please solve my query its urgent..
My Client A owns a Land and he has made a partnership firm fo developing a tower now my query is wether AS 7 can be applied to partnership firm and whether remuneration can be divided to A and other partners ,..
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 August 2013 AS -7 applicable for corporate not mandatory for partnership firm. but suggested to follow the same

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