Interest on capital of or loan from partner of a firm is allowed as deduction to the firm to the extent of
| A. | 18% p.a. |
| B. | 12% p.a. even if it is not mentioned in partnership deed |
| C. | 12% p.a. or at the rate mentioned in partnership deed whichever is less. |
| D. | None of the above |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
