https://www.taxtmi.com/forum/issue?id=107010 Payment of interest on partners' capital must be expressly authorised by the partnership deed and is subject to a statutory ceiling; any purported authorisation exceeding that cap will be restricted to the maximum allowable amount for tax purposes. en-us Thu, 10 Jul 2014 23:59:54 +0530 Thu, 23 Jan 2025 15:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107010 Payment of interest on partners' capital must be expressly authorised by the partnership deed and is subject to a statutory ceiling; any purported authorisation exceeding that cap will be restricted to the maximum allowable amount for tax purposes. Discussion-Forum Income Tax Thu, 10 Jul 2014 23:59:54 +0530 https://www.taxtmi.com/forum/issue?id=107010