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Rate of intt. on capital of partners

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(Querist)
05 April 2012 Dear Sir,
What is the rate of Intt. on Capital of Partners.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
05 April 2012 As provided in the partnership deed.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 April 2012 and there is a cap of 12% for income tax purpose as per section 40(b)(iv) of the said act.




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