Itr related

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Mohit grover (Querist)
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20 December 2014 If a partner has negative interest in firm.will it be allowed as deduction while computing that persons itr??

CA Siddhartha Bhardwaj (Expert)
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20 December 2014 Negative interest in partnership firm is NOT an expenditure. Accordingly it is NOT allowed as a deduction.

Rupesh Jain (Expert)
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20 December 2014 this is not expenses. this is drawing excess from the capital.

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