interest and remuneration to working partners??

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1 Points Posted on 15 May 2018
in my clients business,there are 2 working partners,the firm under loss,the max remuneration allowable is 150,000,but my question is whether this 150,000 includes the interest on their respective current account (opening capital) in balancesheet?
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On 15 May 2018 at 21:07 Report
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Accountant
3479 Points Posted on 15 May 2018
Interest on capital is not include
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On 15 May 2018 at 21:42
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"Do the Right Thing...!!!"
128157 Points Posted on 15 May 2018
Interest on Capital is not calculated in Remuneration...
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On 15 May 2018 at 22:02
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article
213 Points Posted on 30 September 2018
interest on capital is taxable as business head or income from other sources head in hands of partner
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On 30 September 2018 at 11:21

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