HOW WE CALCULATE INTEREST ON CAPITAL IN A PARTNERSHIP FIRM
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INTEREST ON CAPITAL
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| Originally posted by :RAHUL | ||
| " | HOW WE CALCULATE INTEREST ON CAPITAL IN A PARTNERSHIP FIRM | " |
as per the rate maintionedin the partnership deed
or
@ 12%
whichever is lower
allowable as deduction
It is to be calculated on daily product basis.
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