Partnership deed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2018 IS IT COMPULSORY TO GIVE INTEREST ON CAPITAL AS PROVIDED IN PARTNERSHIP DEED???

IS IT POSSIBLE

WE CAN'T PROVIDE INTEREST ON CAPITAL EVEN THOUGH INTEREST RATE PROVIDED IN PARTNERSHIP DEED

CA Mayur Todmal

CA Mayur Todmal (Expert)
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11 June 2018 not compulsory to book interest on capital

Message likes : 1 times

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 June 2018 It is better to provide interest as per deed ,otherwise a question may arise that the
accounts are prepared ' not in accordance' with the provisions of the instrument
of partnership.

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