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Can we reversable of interest on Capital of Partner

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35 Points Posted on 09 September 2021
Our partnership firm can we reverse of Interest charges of Partner's capital of earliear years and save losses to our partnership firm? and get refund of income tax to our partners which they file income tax returns sec40(b) ?
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On 09 September 2021 at 16:35 Report
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155 Points Posted on 10 September 2021
Now returns cannot be revised for FY 2019-20 as per my view
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On 10 September 2021 at 22:22

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