if we change profit sharing ratio/ interest rate/salary amount any of the above so does we have to update
this in partnership deed ??
3 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 05 November 2021
Yes supplementary deed need to be made for the above stated changes..
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 06 November 2021
Yes these changes have to be done through agreement between partners. As a proof of such agreement supplementary deed will have to be signed between the partners.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 07 November 2021
Yes deed should be supplemented
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