Is it necessary to have profit to give interest on capital to partner?
In other wards, can we claim loss due to interest on capital to partners if rate is within limit i.e. less than 12%.
Menu
Interest on capital
Replies (2)
For payment of Interest on capital to partners it is required that a firm has sufficient profits.
Yes... You can apply or You can leave.
No more restriction.
No more restriction.
Recent Threads
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
Related Threads
CAclubindia
