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How calculate intt. on capital in partnership firm of partne

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(Querist)
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
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
05 April 2012 Interest will be calculated on reducing balance method.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
05 April 2012 yes agreed,

below file will help you to calculate

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




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