Taxability of members of aop

Any interest paid by member on capital borrowings for investment purposes in AOP shall be deducted from member's share while computing his income under the head profits and gains of business/profession. 

Can someone please suggest any case law for this?

Replies (1)
there is no case law...it's provision

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register