Menu
Interest on capital is
interest on capital is expense partnership firm ???
Replies (8)
Quick Summary
Yes it's deductable expense
But interset on capital is appropriation of profit!
Deduction for income tax purposes
Reserve is also expense??
No....
Interest on capital is not appropriation of profit.
Yes it is not appropriation of profit
Why ???
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
