Partners interest
Querist : Anonymous
Weather partners interest can be calculated
On opening balance and closing balance if yes
should clause contain for the same in deed
Thanx & Regard
Amar jaiswal
Querist : Anonymous
Closing balance is mention in deed
Then will IT deptt. Accept the interest
On opening or on closing balance,
Also let me know is there any specific
condition for the same or it is depends
On partners wills that what word they
Have quote in partnership deed
i) it should be in accordance with the terms of the partnership deed and
ii) maximum allowable rate is 12% simple interest per annum.
Querist : Anonymous
Deed that interest should be payable on
Opening balance then it can be quote in
Deed in respect of partners willing or is
There any specific condition for the same
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