banner_ad

Can interest on loan borrowed to introduce as capital be cla

This query is : Resolved 
Profile Image

Profile Image

(Querist)
07 January 2012 Dear Friends,

Can a partner claim against the incomer from firms, a deduction of the amount of interest paid on loan used to introduce as capital into the firm? please provide me with case laws (if any) as well on this subject.

And also, will this attract disallowance u/s 14A. pls provide case laws here too.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
07 January 2012 If one to one corellation is there then interest can be allowed as deduction.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details