Profit sharing ratio
This query is : Open
31 May 2016
Is it possible to fix profit sharing ratio on fluctuating basis in parternship deed?.. Correct me, if wrong partnership act provides for fixed PSR only..Kindly advise
Message likes :
1 times
31 May 2016
under partnership act PROFIT SHARE ratio will be fixed and to written in partnership deed.
Message likes :
1 times
31 May 2016
you have to keep fixed PSR. However you can add a clause in deed that PSR will be revised from time to time basis with mutual consent of all partners and an additional supplement deed should be executed in this regard.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- DTCP approval
- Residential status for filling income tax returns in India
- Whether still royalty
- Strategic Performance Management and Business Valuation
- Appeals vs Writ court -certain doubt
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
