Practicing Success
Practicing Success
CUET Preparation Today
| In the absence of any provision in the partnership deed, interest on capital of a partner___________ |
Will not be allowed Will be allowed at 6% p.a Will be allowed at 12 % p.a Will be charged even if there are no profits |
| Will not be allowed |
| In absence of any provision in partnership deed, interest on capital will not be allowed. In case there is no partnership deed or no information about interest on capital then interest is not provided. If there exits any information regarding interest, interest will be allowed only if there is profit. |
