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How to charge interest on capital without partnership deed?

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09 April 2016 What can we do when partnership deed is silent about treatment of interest on capital?? How can we charge interest on capital from the partners of the firm in this condition....
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CA ANILKUMAR B.COM FCA DISA

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CA ANILKUMAR B.COM FCA DISA (Expert)
10 April 2016 Unless it is specified in the Partnership deed , Interest on capital cannot be provided. If any interest is paid or provided , the same is treated as income of the Firm.
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