income tax related question.
there is a partnership firm name A B & CO.. having two partner A & B .
Partnership firm took office on rent from one of the partner's huf. say A-Huf.
the question is
can partnership firm claim rent as deduction (debit to p & l acc) ?
is it allowed under income tax?
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Is rent paid to partner's huf by partnership firm deductible
Replies (1)
Yes, rent can be claimed as deduction
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