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Partners interst

This query is : Resolved 
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(Querist)
15 September 2016 Is it necessary to pay interest to partner in case of loss
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 September 2016 that is governed by the terms and conditions of partnership deed.
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Poonam Lohiya

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Poonam Lohiya (Querist)
15 September 2016 but interest is payble only out of prfoits or in case of loss we can pay interest
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 September 2016 it is as per mutually agreed terms and conditions of the partners. It is not a function of profit and/or loss.... but in some cases, the partners may mutually agree that the interest may be paid out of profit only....
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