Interest on capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
Dear All,
If a partnership firm pays interest on capital to its partners, then to what extent it is an allowable expenditure?
Thanks & Regards
If a partnership firm pays interest on capital to its partners, then to what extent it is an allowable expenditure?
Thanks & Regards
05 July 2013
1. The rate as per Partnership Deed
2. Or, 12% p.a. whichever is less.
2. Or, 12% p.a. whichever is less.
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