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interest paid on the borrowed capital
if a person is a partner in firm n investment made in firm out of the loans from NBFCs n claims interest in individual capacity is correct u/s.36(1)(iii)?
Replies (1)
Correct
Sec 36 1( 111)
but the following conditions must be sayisfied:
+ ths money that is capital must hv been borrowed by assesse
*must hv been borrowed for the purpose of business.
must have been borrowed .
Sec 36 1( 111)
but the following conditions must be sayisfied:
+ ths money that is capital must hv been borrowed by assesse
*must hv been borrowed for the purpose of business.
must have been borrowed .
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