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Tax audit 3cd clause 40

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(Querist)
27 August 2015 In case of partnership firm net profit is taken before remuneration and interest on capital or after deducting interest on capital and remuneration paid to partners. for calculating net profit ratio
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
27 August 2015 After decuting Interest on capital and remuneration paid to partners as per section 40b of the Income Tax Act 1961

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