Is it compulsory in partnership act to give interest on partners capital ?
Jinesh Kothari (student) (29 Points)
12 September 2011Is it compulsory in partnership act to give interest on partners capital ?
Naveen.N
(student)
(1021 Points)
Replied 12 September 2011
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
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 12 September 2011
| Originally posted by : Naveen.N | ||
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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 |
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SUNIL
(PCC )
(282 Points)
Replied 13 September 2011
| 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 |
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