1.wether intrest on capital to the partners is allowed even though the sales have not commenced in that financial year
2.wether intrest on loans borrowed for the purpose of investment in the capital of the partnership can be deducted from the invested on capital recived from the partnership in the partner individual retun of income
yes, interest on capital to partner is allowed as expenditure,subject to registered partnership deed
MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Anupam Parashar & Co.
Ghaziabad
CA Final
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Interactive Media Pvt Ltd.
New Delhi
CA Inter
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CCI
Pro
CAclubindia
