Intrest on loan to partner

If  partner has taken loan from firm. complusory intrest have to recover form him under any rule. if yes advice.

Replies (5)
As per my knowledge,intt. will be charged as per partnership deed and in absence of deed interest will be charged @ 6%p.a.

Thanks Dear,

But please tell me under which rule or section such intrest rate is mentioned.

Not required.  If no interest is to be charged as per partnership deed or the loan document, if any, signed for the said loan, then no requirement for recovering interest.

Not required.  If no interest is to be charged as per partnership deed or the loan document, if any, signed for the said loan, then no requirement for recovering interest.

My apologies,i misunderstood it as loan given by partner Mr.Nikhil is correct no interest would be payable if nothing is mentioned in partnership deed

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details