The partnership deed is silent on payment of salary to partners. Anita, a partner, claimed that, since she managed the business, she should get a monthly salary of ?10,000. Is she entitled for the salary? Give reason. (Delhi (C) 2014)
Solution:
No, Anita is not entitled for the monthly salary.
If the partnership deed is silent on the payment of salary to partners, in that case provisions of Partnership Act will be followed, which prohibit payment of remuneration of any kind to the partners.
No, Anita is not entitled for the monthly salary.
If the partnership deed is silent on the payment of salary to partners, in that case provisions of Partnership Act will be followed, which prohibit payment of remuneration of any kind to the partners.