Salary and interest to partners

This query is : Resolved 

02 September 2019 DEAR SIRS : IN A PARTNERSHIP FIRM THERE ARE TWO PARTNERS INVESTED RS.10,00,000 AND RS.1,00,000 AND RATION OF PROFIT IS 50 : 50... NET PROFIT DURING THE YEAR IS 3,00,000.... TOTAL SALARY PAYABLE TO BOTH PARTNERS IS RS.2,70,000.... MY QUERY IS CAN WE PAY UNEQUAL SALARY OF RS.2,00,000 TO ONE PARTNER AND RS.70,000 TO ANOTHER PARTNER..... SIMILARLY CAN WE PAY INTEREST AT 12 % TO ONE PARTNER AND AT 6 % TO ANOTHER PARTNER.

03 September 2019 If both partner's agree to it it can be paid.

03 September 2019 salary can be paid as per the mutual agreement by and between the partners.


03 September 2019 Dear Seethramanji and Joglekar ji.... Thanks for response and firm reply

03 September 2019 you are most welcome.............



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