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Interest on capital

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(Querist)
16 July 2019 I have to provide interest on capital of the partners, How to workout interest on capital of the partners ?
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Shashikant Varshney

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Shashikant Varshney (Expert)
17 July 2019 If you want to pay the Salary to partner, you can pay any amount. But if you want to know the salary allowable as per Income Tax Act, 1961.
for Interest on Capital, this need to clear mention in Partnership Deed.

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