Is it compulsory in partnership act to give interest on partners capital ?
Is it compulsory in partnership act to give interest on partners capital ?
It is not compulsory. It is depended on Partnership agreement. If the interest clause is not given in partnership agreement then maximum percentage is provided as per the ACT as per mutual understandings of the partner
IN IS NOT COMPULSORY
| Originally posted by : Naveen.N | ||
 |
It is not compulsory. It is depended on Partnership agreement. If the interest clause is not given in partnership agreement then maximum percentage is provided as per the ACT as per mutual understandings of the partner |
 |
| Originally posted by : Naveen.N | ||
|
|
It is not compulsory. It is depended on Partnership agreement. If the interest clause is not given in partnership agreement then maximum percentage is provided as per the ACT as per mutual understandings of the partner |
|
It is not compulsory.
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