When the partnership agreement is silent about profit-sharing ratio, the provisions of the Indian Partnership Act, 1932 apply.
According to Section 13(b) of the Indian Partnership Act, 1932, if the partnership deed does not specify the profit-sharing ratio, partners share profits and losses equally, irrespective of their capital contributions.
Given information:
- Neha's capital = Rs. 30,000
- Saloni's capital = Rs. 90,000
- Partnership agreement is silent on profit-sharing
Since there are two partners (Neha and Saloni) and the agreement is silent, profits will be shared equally between them.
Saloni's share in profits = 21 = Half of total profit
It's important to note that even though Saloni contributed three times more capital than Neha (Rs. 90,000 vs Rs. 30,000), this doesn't affect the profit-sharing ratio when the agreement is silent. Equal sharing applies regardless of capital ratio.
Correct Answer: Option 3 - Half of total profit