Interest on partners' capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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?
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?
19 September 2013
Its 12% Per annum.
Querist : Anonymous
Querist :
Anonymous
(Querist)
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?
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