rate of interest
This query is : Resolved
08 April 2009
hi there
can any one plz tell me that at what rate interest can be given to the partners on their capital.
and wat rate of interest is given to others , whose money is deposited in the firm.
please tell both the maximum and minimum rates, in both the cases.
thanx
can any one plz tell me that at what rate interest can be given to the partners on their capital.
and wat rate of interest is given to others , whose money is deposited in the firm.
please tell both the maximum and minimum rates, in both the cases.
thanx
09 April 2009
As per Income tax Act you can give maximum 12% interest to Partner's and in case of unsecured loan or deposit taken other then partner you can give as per your choice & market trend ie 6% to 18%
10 April 2009
i support the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
