Partnership firm not give interest to partner
This query is : Resolved
08 May 2014
Dear sir,
It is provided in partnership deed to give interest to partner @ 12%.But due to lower profit firm not provided interest to partner and also partner do not have mind.
Is it permissible to not to give interest to partner even if provided in deed?
Please reply soon sir....
It is provided in partnership deed to give interest to partner @ 12%.But due to lower profit firm not provided interest to partner and also partner do not have mind.
Is it permissible to not to give interest to partner even if provided in deed?
Please reply soon sir....
08 May 2014
Yes I believe it is definitely possible if all the partners are agreeing to it.
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