Krishan and Saif are partners in a partnership firm without any agreement. Krishan has withdrawn Rs. 60000
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Question:
Krishan and Saif are partners in a partnership firm without any agreement. Krishan has withdrawn Rs. 60000 out of his capital as drawings. What is the percentage of interest on drawings that may be charged from Krishan by the firm?
- No interest can be charged
- 10 % Per Annum
- 12 % Per Month
- 6 % Per Annum
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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