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Partnership

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(Querist)
04 February 2020 When a partner takes loan from his partnership firm, what can be the interest percentage if there is no partnership deed???
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 February 2020 12% can be Interest.
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Gokul Sharma

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Gokul Sharma (Expert)
04 February 2020 at least market rate of int should be taken from partner. i e 12%
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 February 2020 12% p.a interest should be charged.
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Amol S Joglekar

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Amol S Joglekar (Expert)
05 February 2020 charge the interest at 12% p.a.
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Shrikant Toshniwal

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Shrikant Toshniwal (Expert)
24 February 2020 Dear Frds ,with out a partnership deed can we establish a legal partnership firm .
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Amol S Joglekar

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Amol S Joglekar (Expert)
24 February 2020 So long as partners are in agreement with each other, in harmony, partnership status can be established without any problem.
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