interest on capital will be paid to the partners if provided for in the partnership deed but only if
Answer (1)
25th Sep, 2020
Hello,
According to Partnership Act, 1932, the interest on capital will be paid to the partners if provided for in the partnership deed only from the profits . A partnership agreement is a legal agreement between two or more parties mentioning the terms and conditions on which the partnership is based.
Hope this helps!
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