Partnership firm- rate of interest on capital
This query is : Resolved
GANGADHARA RAO
(Querist)
02 October 2018
Please advise me sir, one of the partnership firm, the interest on capital @ 12% calculated and submit returns also from several years, But this year they calculate interest @18% on capital. In their deed there is no provision on rate of interest it is flexible. So my doubt it is acceptable to file income tax file. please...
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