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Minimum and maximum rate of interest

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consultant
64 Points Posted on 17 August 2022
Respected sir...please advice minimum and maximum rate of interest paid to partners on their capitals.....
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On 17 August 2022 at 17:05 Report
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Student
586 Points Posted on 17 August 2022
Maximum rate is 12%p.a. There is no minimum rate prescribed.
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On 17 August 2022 at 17:13
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Chartered Accountant
86505 Points Posted on 17 August 2022
For that check partnership deed, as per income maximum allowed rate is 12%
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On 17 August 2022 at 22:58
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754 Points Posted on 21 August 2022
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 ...
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On 21 August 2022 at 07:28


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