A Partnership Firm is constituted - Sole Objective – Investments & Trading in Stock Exchange Listed Equity and Debt Instruments. Trading using Derivatives (Futures & Options)
Every Partner Contributes Rs 5 Lakh.
Income of the Firm will be from LTCG, STCG, Dividend, Interest on Government Securities and Profit from Futures / Options Trading.
1. Can Simple Interest at rate of 12% be Paid to Partner's Capital from the above sources of Profit every year and claimed as deduction in Firm's account ?
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