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Interest free loan to partnership firm

This query is : Resolved 

20 May 2016 Can a partner give interest free loan to the partnership firm? If yes, then is it mandatory to mention the clause in the the partnership deed.

20 May 2016 yes, partner may do so. Partner should see if the deed of partnership empowers the firm to accept loan from partners.

20 May 2016 its normally part of capital a/c its not a intt. free. its possible if it is mention in partnersip deep that
Rs..................... every partner keep in capital a/c and further if fund required then amount given by the partner to firm not consider for intt. given to partners.




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