https://www.taxtmi.com/forum/issue?id=3050 Template retirement-cum-admission deed: retiring partner(s) withdraw with effect from a stated date and, following mutually agreed valuation of assets, goodwill and liabilities, receive payment credited to loan accounts on finalisation of accounts. Continuing and new partners become absolute owners of partnership assets and liabilities; retiring partners grant an irrevocable power of attorney to enable realisation and settlement of partnership estate. Continuing partners assume payment of partnership debts while retiring partners remain responsible for income tax on their pre-retirement share. The deed provides for interest on capital, working partner remuneration per tax limits, profit sharing, accounting and banking arrangements, notice for retirement, non-dissolution on death/insolvency, and arbitration for disputes. en-us Fri, 03 Jun 2011 14:59:15 +0530 Thu, 23 Jan 2025 15:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3050 Template retirement-cum-admission deed: retiring partner(s) withdraw with effect from a stated date and, following mutually agreed valuation of assets, goodwill and liabilities, receive payment credited to loan accounts on finalisation of accounts. Continuing and new partners become absolute owners of partnership assets and liabilities; retiring partners grant an irrevocable power of attorney to enable realisation and settlement of partnership estate. Continuing partners assume payment of partnership debts while retiring partners remain responsible for income tax on their pre-retirement share. The deed provides for interest on capital, working partner remuneration per tax limits, profit sharing, accounting and banking arrangements, notice for retirement, non-dissolution on death/insolvency, and arbitration for disputes. Discussion-Forum Companies Law Fri, 03 Jun 2011 14:59:15 +0530 https://www.taxtmi.com/forum/issue?id=3050