Law · Indian Partnership Act
Under the Indian Partnership Act, 1932, a partner making any payment or advance beyond the amount of capital he has agreed to subscribe for the business is entitled to interest thereon at what rate per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ten percent
- 2Eight percent
- 3Six percent✓
- 4Four percent
Correct answer
Six percent
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