If partnership deed is silent
Atharv Sankliya (1359 Points)
03 February 2022
if partnership deed is silent interest on laon given to partner by firm is charged or not ???
3 Replies
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 03 February 2022
You may not charge interest also. It is not mandatory
Nidhi
(Chief Accountant)
(3150 Points)
Replied 04 February 2022
Than u can't pay interest or the partnership deed is silent on interest on partner's loan, then according to the Partnership Act of 1932,
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