Hello All,
Can we claim interest on partner capital in next financial year of current year if in current year loss in partnership firm?
Please suggest.
Thanks in advance.
virag Shah
Menu
Interest on capital claim in next year
Replies (3)
All depends upon terms of Partnership Deed.
As per Income tax act, Can we take deduction in next financial year for both years?
I think you can make provision for salary payable to partners in current FY. Loss will increase to that extent.
Recent Topics :
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
Related Topics :
CAclubindia
