GOPIKA BABU K (STUDENT) (21 Points)23 May 2017
V P Narasimhan
Replied 24 May 2017
If an agreement is there on both its good. Interest rate normally based on bank interest or the partners wishes to insist.
for example, if 1 lac paid which attracts interest calculation to be made & TDS to be deducted accordingly. So also for remuneration also to be paid every month as per terms and necessary TDS to be deducted & paid.