Renumaration and partnership deed

giri gattupalli (Querist) 21 November 2014 This query is : Resolved
respected sir,
two of my clints entered in partner ship in 2012 may and concluded partenrship deed on whitepapers inthe presense of notiry and got certified by notary but not regestered the deed.and renumaration is agreed at 1,50,000 each per anum in deed.now my problem is can i claim renumaration paid by firm to partners or it is objectionable by it department as it the deed is not regestered. please discuss

Follow Query

Report Abuse

Devajyoti Barman (Expert) 21 November 2014
Deed need be registered if dispute arises between the partners themselves.

Rajendra K Goyal (Expert) 21 November 2014
Get the partnership registered, Remuneration of partners can be debited from the firm account. For details consult your tax adviser.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now