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capital interest reduction of partners in a firm

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(Querist)
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 % ?
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
03 December 2017 12% is the maximum rate allowed, you can provide lower interest rate provided partnership allows the same

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