Interest on capital
This query is : Resolved
19 July 2012
Whether a partner who has received interest on Capital and also remuneration from a firm, the total income of which is deductible under section 80IC is liable to pay tax on such receipts?
CA PARAS BAFNA
(Expert)
19 July 2012
Yes, Partner has to pay tax on interest and remuneration.
.
.
CA BHARATH KUMAR
(Expert)
19 July 2012
he should pay int and remuneration
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