Salary to Partners
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2010
Subject to the provision contained in the partnership deed.it is necessary to provide salary to the partners.
07 May 2010
As per Indian Partnership Act, 1932 in the absence of partnership deed partners are not entitled to interest on capial, Salary etc.
No interest on drawings should be charged to them and they share profits and losses equally.
Hence, no salary should be provided to partners.
experts view is solicited.
No interest on drawings should be charged to them and they share profits and losses equally.
Hence, no salary should be provided to partners.
experts view is solicited.
07 May 2010
Agreed with Mr. Tiwari.
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2010
ok
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