what is the purpose of allowing interest on partner capital
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actually intrest on partners capital is not mandatory....it is paid by firm if they are agreed in their partnership deed ,if not ,no intrest is paid.
there is no specific purpose of payment of such intrest but as it is expense to the firm it effects the profit and the tax burden will become less.....
there is no specific purpose of payment of such intrest but as it is expense to the firm it effects the profit and the tax burden will become less.....
abhiajinkyavishu123:
thank uh so much
it my pleasure
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