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Interest expense- allowable

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(Querist)
14 June 2019 Dear Experts

Partner of the firm has borrowed some funds from a bank in her individual name and invested the entire loan amount in her Partnrship Firm. Now whether can the firm claim the interest amount as expense. Whether it is an allowable expense?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 June 2019 The firm can't claim the interest as its expenses since the firm has not borrowed
money on interest.

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