Payment of interest to partners in case of loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2012
Please Advice Me
20 August 2012
Even in case of loss, the firm can pay the interest on capital to the partner and deduction of such interest will be allowed to the firm subject to the maximum of 12%pa
20 August 2012
Firm can pay interest on capital even if it incurs loss.
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