In absence of partnership deed or agreement, interest on loan given by a partner to the firm is allowed @ 6% p.a. as per the Indian Partnership Act, 1932.
Rate of Interest on loan given by Sanjeev will be:
Held on 20 Aug 2022 · Verified 13 Jul 2026.
8% P.A.
10 % P.A.
NIL
6 % P.A.
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Identify the correct statement from the given below :-
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