14 February 2013
Query: Suppose A (Partnership Firm) and B (Ltd Co) want to Form a Fresh partnership for certain joint work. In the normal way they share PSR in equal or at ascertain ration mutually decided e.g. 25:75. However, can there is specific condition can be place in agreement. Suppose the A will get out of total sale profit on (80% of sale - all expenses) and B will get profit on remaining sale – any other expenses? Can the above said clause, we can put while drafting the partnership deed?
CAclubindia
