Menu
Minimum and maximum rate of interest
Respected sir...please advice minimum and maximum rate of interest paid to partners on their capitals.....
Replies (3)
Maximum rate is 12%p.a. There is no minimum rate prescribed.
For that check partnership deed, as per income maximum allowed rate is 12%
Under the Income Tax Act, the maximum interest at the rate of 12% p.a. is allowed. Any amount paid exceeding the effective rate is disallowed as ...
Recent Threads
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
Related Threads
CAclubindia
