​In the absence of Partnership Deed, partners are entitled to :

Correct option is D

Correct Answer: (d) Interest on loans and advances

Explanation:
• As per the Indian Partnership Act, 1932 (Section 13), in the absence of a partnership deed, partners are not entitled to salary, commission, or interest on capital, but they are entitled to interest on loans and advances given to the firm at 6% per annum.

Information Booster:
• If no partnership deed exists, profits and losses are shared equally, regardless of capital contribution.
• Partners are not entitled to salary or interest on capital unless stated in the deed.
• Interest on a partner’s loan is allowed even without an agreement.
• The Partnership Act, 1932 governs rights, duties, and liabilities of partners.
• The deed provides flexibility, but in its absence, default legal provisions apply.