Rate of intt. on capital of partners
This query is : Resolved
05 April 2012
Dear Sir,
What is the rate of Intt. on Capital of Partners.
What is the rate of Intt. on Capital of Partners.
05 April 2012
As provided in the partnership deed.
05 April 2012
and there is a cap of 12% for income tax purpose as per section 40(b)(iv) of the said act.
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