the partnership Deed does not provide for charging interest on drawing therefore , the provisions of the indian partnersip Act 1932 apply whereby inte
the partnership Deed does not provide for charging interest on drawing therefore , the provisions of the indian partnersip Act 1932 apply whereby interest cannot be charged . The partners desire to chage interest thereon can you suggest what steps should they take so that firm can chage interest on on drawings ?
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the partnership Deed should be amended to incorrate the clarge interest on drawings it is only then that the interest on drawings can be charged.
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