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Partnership Firms in India

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 August 2010 What should be the amount paid as salary/remuneration. Can it be anything or is it fixed as in maximum or minimum amount.
Also if the partnership deed has a clause of interest to be paid on capital to partners at a certain percentage. Can same be removed from deed or is it mandatory to give interest on partners capital. In case mandatory who will give this interest, as i understood a partnership firm does not have seperate identity. Please explain.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
20 August 2010 replied there
https://www.caclubindia.com/experts/partnership-firm-in-india-465310.asp

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