capital interest reduction of partners in a firm
This query is : Open
02 December 2017
dear sir,
we are a firm with 3 partners with 12% capital interest written in agreement..this year we face a loss of 2 lakhs..
Shall we reduce the partner's capital interest from 12% to something lesser % ?
03 December 2017
12% is the maximum rate allowed, you can provide lower interest rate provided partnership allows the same
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