Interest on partners capital account
Nishu Kotian (332 Points)
29 August 2021
interest on partners capital account is compulsory or not if business is loss ?
2 Replies
CA Altamush Zafar
(GST Consultant)
(15976 Points)
Replied 29 August 2021
Not compulsory but one should take the benefit
CA Amit Shingala
(PRACTICE)
(164 Points)
Replied 29 August 2021
Not compulsory once u decide to give interest that should be as per it act 1961
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