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 Krishan has withdrawn Rs. 60000 out of his capital as drawings.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
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 Krishan has withdrawn Rs. 60000 out of his capital as drawings.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
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
