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How calculate intt. on capital in partnership firm of partne (Income Tax)

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( Author )
05 April 2012

Dear Sir/ Madam
How will we calculate the intt. on capital of Partners ? if the firm is started from 01.04.11 means for the finanacial year 2011-12. in which 3 partners & ratio of 33% percent


Siddhartha Bhardwaj

( Expert )
05 April 2012

Interest will be calculated on reducing balance method.


murtaza

( Expert )
05 April 2012

yes agreed,

below file will help you to calculate

http://www.caclubindia.com/share_files/files_download.asp?files_id=19444


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