Ravi, one of the partners, provided a loan of $\text{Rs. }1,00,000$ to the firm. In the absence of a partnership deed, interest on this partner's loan is allowed at what rate?

Under the provisions of the Indian Partnership Act, 1932, if there is no explicit partnership deed or agreement regarding interest rules, interest on loans or advances given by a partner to the firm is legally payable at a fixed rate of $6\%\text{ per annum (p.a.)}$.