What is the impact of negative interest on capital in itr
This query is : Resolved
Kanika Agarwal
(Querist)
26 December 2018
If a assessee have negative interest on capital whether it shall be reduced from remuneration on not in income tax return
Rupesh Jain
(Expert)
26 December 2018
under partnership you have to check deed if deed have provision, then you have to take as income of firm. and reduce from capital of partner.
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