Machine rent is buisness income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 November 2014
My Partnership Firm have Machine rent and labour charges income. My machine rent is huge amount. And TDS deducted in 194IA.
I want deduct interest on capital from my machine rent income and labour charges income.
is this possible?
I want deduct interest on capital from my machine rent income and labour charges income.
is this possible?
07 November 2014
you can subject to conditions provided under section 40(b)
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