if partnership deed is silent on the profit sharing ratio;interest @_______per annum is allowed on loans advanced by partners .
gopal rjp
- Gopal
- 29 May
- 81 Answers
81 Answers
81 Answers
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6%0Modal content
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6% p.a0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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60Modal content
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@ 6% per annum0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%0Modal content
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6%p.a.0Modal content
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If the partnership deed is silent on any of the issues then the rules regarding the partnership act will come into play.
Here the deed is silent about profit sharing ratio and interest. Hence the profit sharing ratio is equal and the interest is given @6% per annum1Modal content
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