Taxation of partnership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2011
In case of partnership having rental income only and computed under House property, can it claim interest paid to partners and under which head, if it is claimed as business loss, whether tax audit is necessary? The firm is not carrying any other business.
Dintakurthi Tirumala
(Expert)
13 September 2011
Please give details is partnership carrying any other business(other than house property income).
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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