If partnership deed is silent

if partnership deed is silent interest on laon given to partner by firm is charged or not ???
Replies (3)
Quick Summary
If your partnership deed doesn't specify interest on loans given by the firm to a partner, the Partnership Act 1932 applies. Under this act, charging interest is not mandatory. This means you have the option to charge interest or not, depending on the circumstances and agreement.

You may not charge interest also. It is not mandatory

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,
Which section

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Follow