hi frieds my client has income from Remuneration,interest on capital from three partnership firms and has total taxable income of Rs 10.00 Lacs. now my query shall we get any type of deduction to my client from remuneration & Interest on capital earned from partnership firms other than deductions undre VIA & investments under 80Cc ect.
please reply me as early as possible thanking u
I think he can not claim any deduction from remuneration or interest except 80c etc.
if any part of interest or remuneration is disallowed in the hands of any such firm, then such amounts need not be considered as income i his hands
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Hema Yashwanth & Associates
Chennai
B.Com
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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CCI
Pro
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