Interest on Loan to Partners

This query is : Resolved 

21 October 2010 If Loan given by Partners to Partnership firm whether intt paid by Partnership firm to its Partners is disallowed or not.

21 October 2010 Interest will not be disallowed if the rate of interest is at par with the bank rate.

21 October 2010 Agreed

01 November 2010 hi
interest will not be dissallowed if the rate of interest is at par with the bank rate or as per partnership deed


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