19 September 2013
A partner has introduced Rs. 5 lac in August-12 & Rs. 5 lacs in March-13 in the partnership firm in the very first year. Can Interest on partners' capital be given @12% (mentioned in the deed) for the whole year or from Aug-12 to Mar-13?
20 September 2013
Nitesh ji try to understand the question dear. My question is for period for which interest should be given i.e. from Aug-12 or for the whole year?
CAclubindia
