Tax audit 3cd clause 40
This query is : Open
27 August 2015
In case of partnership firm net
profit is taken before remuneration and interest on capital or after deducting interest on capital and remuneration paid to partners. for calculating net profit ratio
CA PARTH SHAH
(Expert)
27 August 2015
After decuting Interest on capital and remuneration paid to partners as per section 40b of the Income Tax Act 1961
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