Interest on partner capital

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Rahul kumar (Querist)
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21 April 2012 How calculate interest on partner capital.is remuneration paid per month debited partner capital account.i am calculate interest on day basis.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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22 April 2012 Take the account of the partner and start with the opening balance and next debit or credit calculate interest up to first debit and credit if any and like wise calculate interest on number of days for the whole year the interest rate should not exceed 12%

CA Rakesh Goenka

CA Rakesh Goenka (Expert)
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22 April 2012 agree with above expert...........

Rahul kumar

Rahul kumar (Querist)
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23 April 2012 But remuneration paid to partner per month as per deed transfer to partner account or not.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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01 August 2024 https://docs.google.com/document/d/1MyN2eCDmbeSa7YOE-tzsTfZ1dutKe0FBueTYlSvwUk0/edit?usp=sharing

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