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Partner interest in firm

This query is : Resolved 
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(Querist)
23 November 2017 In partner deed we mentioned 12%..but shall we give lesser interest than 12% or even 0% even though net profit is there?
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Amitav

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Amitav (Expert)
23 November 2017 Up to 12% interest can be given.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 November 2017 It is beyond the terms of the partnership deed which may invite litigation.
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