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Fd interest in partnership firm

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(Querist)
29 June 2016 We are a partnership firm having interest income ( on fds) of around 2 lacs per annum. Can we offset it against the ineterst paid to partners on their capital. We have around 5 lacs interest which we pay to partners on their capital. IF Yes is there any limits on the same?
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Rupesh Jain

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Rupesh Jain (Expert)
29 June 2016 no, partners intt and remuneration will be out of business income, if you business of this then you can make adj this.
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