Sandeep Wawhal (BCom + P.G.D.F.M. + CA-Final) 14 November 2018

Partner in profit only.

Friends,

Whether Partner in profit only is eligible for Remuneration as given to active partner ?

and whether Partner in profit only is different from active partner ?

Regards,

Suri.Sravan Kumar (senior) 14 November 2018

it depends upon the intention of the partner(s) in the partnership Deed.

Sandeep Wawhal (BCom + P.G.D.F.M. + CA-Final) 16 November 2018

Sir,

Partner has an intention to enjoy profit only and not to suffer loss.

Carolyn 16 January 2019

It depends on the intention of the partner