Interest on capital
This query is : Resolved
16 July 2019
I have to provide interest on capital of the partners, How to workout interest on capital of the partners ?
17 July 2019
If you want to pay the Salary to partner, you can pay any amount. But if you want to know the salary allowable as per Income Tax Act, 1961.
for Interest on Capital, this need to clear mention in Partnership Deed.
for Interest on Capital, this need to clear mention in Partnership Deed.
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