コレクション in absence of partnership deed partners are entitled to what percent of profit as salary 487695-In absence of partnership deed partners are entitled to what percent of profit as salary
If there is no mention regarding this, in the partnership agreement (deed), then no interest need be paid Only out of profits Interest is to be paid only out of profits Where there is a loss, no interest should be paid on capital, even if the partnership agreement provides for the same @ 6% if rate is not mentionedJune 11) (A) @ 5% pa (B) @ 6% pa @ 12% pa (D) No interest is allowed Answer 19That all the WORKING PARTNERS may be paid Salary wef 1 St day of March of , for the work of the FIRM as may be agreed mutually from time to time between the PARTIES in accordance with the provisions of the Income Tax Laws as well as business necessities and other factors, subject however, that the monthly Salary to each such Partner shall not exceed as under That Samacheer Kalvi 12th Accountancy Guide Chapter 3 Accounts Of Partnership Firms Fundamentals Samacheer Kalvi In absence of partnership deed partners are entitled to what percent of profit as salary
