Interest on partners capital account

interest on partners capital account is compulsory or not if business is loss ?
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Quick Summary
This discussion addresses whether charging interest on a partner's capital account is compulsory, particularly when the business incurs a loss. While not strictly compulsory, it's noted that partners can benefit from it. Once the decision to provide interest is made, it must adhere to the regulations set forth by the IT Act 1961.

Not compulsory but one should take the benefit
Not compulsory once u decide to give interest that should be as per it act 1961

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