banner_ad

Partnership interest on capital

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 May 2021 Can partners get int on capital at different rates - assume 2 partners
Like one at 12%
Another at 6%

The deed says int on capital is paid as per provisons of income tax act
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
31 May 2021 Yes, it's allowed, as it's within 12% allowed under income tax.
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
05 June 2021 PLEASE CHECK PARTNERSHIPDEED IF IT IS ALLOWED TO PAY INTEREST AT DIFFERENT RATES AS PER INCOME TAX MAXIMUM 12% ALLOWABLE U/S 40(b)
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
02 October 2021 How can the rate of interest be different to different partners for same AY?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details