Interest on capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2014
Dear Sir,
Whether interest paid on capital by a partner to the partnership firm is eligible to claim interest deduction in the return of that partner? If yes then how? If no y?
Whether interest paid on capital by a partner to the partnership firm is eligible to claim interest deduction in the return of that partner? If yes then how? If no y?
17 November 2014
It is shown under the head income from business.
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