Menu
Tax treatment of interest on drawings
Replies (1)
Interest on Drawings will be given the same treatment as that of Interest on Partners Capital. In case it is negative, it will be credited to the Profit and Loss Accounts as Interest on Partners Capital.
There is no need to put a separate clause in the Partnership Deed.
Recent Threads
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
Related Threads
CAclubindia
