Hi
Is interest received on capital taxable in the hands of partner? If yes, then there is a derivative loss in the same year so can both be set -off? Like interest income against derivative loss?
Menu
Interest on Capital Taxability
Replies (1)
Yes taxable.
Both are assessed under PGBP head, and hence the loss can be set off with the partner's interest income from firm.
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
