when interest is allowed on the capital of the partners it is generally calculated on
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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.....
aayush2029:
please tell me my question in hindi
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