1.wether intrest on capital to the partners is allowed even though the sales have not commenced in that financial year
2.wether intrest on loans borrowed for the purpose of investment in the capital of the partnership can be deducted from the invested on capital recived from the partnership in the partner individual retun of income
Yes to both.
Bharat Shah & Associates
Mumbai
CA Inter
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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Hema Yashwanth & Associates
Chennai
B.Com
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CCI
Pro
CAclubindia
